Digital assets are becoming increasingly important for private investors. Against this backdrop, NPB Neue Privat Bank and Incore Bank have agreed to cooperate on digital asset banking.
NPB New Private Bank and Incore Bank will cooperate even more closely in the future, according to a joint statement released on Tuesday. In the process, NPB will introduce Incore's digital asset banking services for its clients.
This will allow clients to trade cryptocurrencies and benefit from a Swiss-based custody solution delivered through NPB's Swiss private banking service model.
Strong Demand for Digital Assets
«Digital assets increasingly represent a supplement to traditional asset classes and we are seeing strong demand from both private and institutional clients,» said Markus Ruffner, co-founder and CEO of NPB.
Founded in 2001, Zurich-based boutique private bank NPB has been an Incore partner since 2013. Through full automation, NPB's customers benefit from an efficient process, from e-banking to asset statements.
At the Forefront
For Mark Dambacher, CEO of Incore Bank, the expansion of traditional services to digital assets is a validation of its technology strategy. «Our aim is to be at the forefront of developing digital ledger technologies and dealing with cryptocurrencies and digital tokens. One example of this is the launch of our digital wallet, which we are using to promote the security and acceptance of the new asset classes,» he added.
Incore Bank is a business-to-business transaction bank founded in 2007 that provides one-stop transaction banking and outsourcing services to banks, securities dealers, and fintech companies. The Swiss company holds a banking and securities dealer license. NPB is already the fourth customer for Incore's digital asset banking services.
