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LGT Bank to launch digital asset custody and trading services with Seba bank

Source: Seba Bank

SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced that it had partnered with LGT Bank, an international financial services provider with a focus on private banking and asset management, to provide digital asset custody and brokerage services.

LGT Bank is part of LGT Group, a leading international private banking and asset management group with over CHF 280 billion in assets under management. LGT Bank is leveraging SEBA Bank’s fully regulated banking platform and institutional-grade digital asset custody capabilities, to launch digital asset custody and trading services for clients.

LGT Bank will initially offer investment services for Bitcoin (BTC) and Ethereum (ETH). Digital asset investment services will be fully-integrated with traditional assets, enabling clients to seamlessly incorporate crypto into their existing portfolio.

Franz Bergmüller, CEO at SEBA Bank, said, “As a licensed and FINMA regulated Swiss bank with a core competence in cryptocurrencies and digital assets, we enable banks and their clients to handle traditional and digital assets securely. We have the knowledge, established processes, and above all, a custody solution that is ISAE 3402 certified and established by independent bodies. The range of services combined with the highest security standards makes SEBA Bank's service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets."

A highly-successful and trusted counterparty in the digital assets industry, SEBA Bank supports a range of investment services including: trading in over 14 cryptocurrencies, a comprehensive crypto yield offering, SEBA Earn, and the SEBA Gold Token, an innovative digital token backed by physical Swiss gold. SEBA Bank's ISAE 3402 certified hot and cold storage custody solutions will enable LGT and its clients to benefit from the highest security standards in the safekeeping of their digital assets and private keys.

"The demand for cryptocurrencies has also increased among our clients in recent years" says Roland Matt, CEO of LGT Bank, Liechtenstein, "we are very pleased that we can now offer our clients easy access to this asset class. When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures. They are central for dealing with this dynamic and still quite young asset class. Thanks to our cooperation with SEBA Bank, our clients' digital assets are held in the custody of a professional and certified provider with extensive experience in this area".

LGT Bank’s digital asset investment solutions will initially be available to selected client groups of LGT Bank, Liechtenstein. Clients must be domiciled in Liechtenstein or Switzerland and be classified as professional clients or be managed by an external asset manager in order to access services.

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