Switzerland has long been a leader in financial innovation with one of the most advanced economies in the world. It provides some of the most professional banking services globally and as such is highly attractive to cryptocurrency investors. It has incorporated English as the main language in business and foreigners make up 25 percent of the workforce. With highly favorable laws regarding cryptocurrency regulation, it offers a stable and secure environment that is highly attractive to first-time investors.
The partnership with SEBA Crypto will allow Julius Baer to provide storage, transaction and investment solutions to customers wanting to deal in a wide range of digital assets. In addition, it will open new avenues for initial coin offering (ICO) fundraising, token design, and military-grade custody storage.
SEBA Crypto was launched in September last year by ex-UBS employees and managed to raise $104 million in funding from venture capitalists. Although its banking and securities license with the Financial Market Supervisory Authority (FINMA) is still pending, it aims to become one of the world’s first licensed and supervised universal crypto banks.
Julius Baer is a highly professional private bank offering securities tradings, global custody, market intelligence, and real estate financing. With 125 years of experience providing financial services to private clients and family offices, the firm is well-placed to expand into the global cryptocurrency market.