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Julius Baer launches digital assets service

Julius Baer launches digital assets service

Swiss wealth an management firm Julius Baer has launched a digital assets trading and storage service through a partnership with Finma-licenced Seba Bank.

Julius Baer first announced its intention to move into the crypto space in February last year, conditional upon Swiss startup Seba - in which Julius Baer holds a minority equity stake - being granted a banking and securities dealing licence by financial markets regulator Finma.

Founded in April 2018 by former UBS bankers, Seba duly received the regulatory go-ahead in September last year.

Julius Baer now offers its clients booked in Switzerland a selection of digital assets trading and custody services alonside consolidated portfolio overviews across both conventional and digital assets.

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