Julius Baer, the Zurich-based private bank, is looking to give its clients access to digital services developed by Seba Crypto.
Julius Baer and Seba, a crypto firm based in Zug, have agreed to a partnership that will broaden the range of services available to the private bank’s clients, the companies said in a statement on Tuesday. The agreement will become effective as soon as regulator Finma has granted Seba Crypto the banking and securities dealer license.
Seba Crypto Adds Baer Executive
Julius Baer, which took a stake in Seba in 2018, will extend its service range providing storage, transaction and investment solutions for digital assets. Seba guarantees the easy and secure access to these services, it said.
As the two companies deepen their cooperation, Seba will propose to its shareholders to elect Peter Gerlach, head markets and member of Baer’s executive board, to its board of directors.
Using External Tech Knowhow
«At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio,» said Gerlach.
Instead of developing all the necessary services and products itself, the bank is looking to take advantage of Seba’s expertise.
