Swiss bank UBS ponders offering Bitcoin investments to wealthy clients

2021-5-10 14:49

Major Swiss investment banking company UBS is currently in the “early stages of planning” to offer its rich clients some options to invest in cryptocurrencies, knowledgeable sources told Bloomberg today.

At the moment, it is unclear what crypto investment instruments UBS is exploring as the firm eyes several alternatives, sources told the outlet. However, they added that it has already been decided that any potential crypto-related services will be only offered to very rich clients.

Thanks to this, any investment offering that UBS could roll out will amount to only a fraction of its clients’ wealth. In no small part this is dictated by the risks and high volatility usually associated with cryptocurrencies, sources explained. Additionally, UBS is also exploring the possibility of offering its clients an option to invest in digital assets via third-party investment vehicles.

“We are monitoring the developments in the field of digital assets closely. Importantly, we are most interested in the technology which underpins digital assets, namely the distributed ledger technology,” UBS said in a statement earlier.

More institutions adopt crypto

As CryptoSlate reported, John Dalby, who worked at UBS for over two decades (most recently as the chief financial officer of UBS Americas), recently went to work full-time on cryptocurrencies at financial services firm New York Digital Investment Group (NYDIG).

“Every day, more industries come to understand Bitcoin’s potential and more clients seek ways to safely access it. Personally, I share NYDIG’s vision for Bitcoin’s ability to propel economic empowerment for all. I eagerly look forward to doing my part to help NYDIG deliver innovative Bitcoin solutions to institutions and individuals,” Dalby said in the announcement.

Other major financial institutions are gradually catching up to the crypto industry as well. Just last week, American investment bank Goldman Sachs launched its own cryptocurrency trading team—after claiming that cryptocurrencies are “not an asset class” last year.

In another instance, Morgan Stanley announced its plans to launch three Bitcoin-focused funds in mid-March. The bank has later upped its crypto game even further by approving Bitcoin investments for a dozen more funds.

The post Swiss bank UBS ponders offering Bitcoin investments to wealthy clients appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Swiss Franc (CHF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 CHF

clients swiss ubs options rich planning offer

clients swiss → Результатов: 57


Kraken Exchange Onboards Swiss Bank InCore to Help Euro Clients Buy Crypto With Fiat

Swiss Bank InCore has just become the first banking institution in the nation to provide banking services to Kraken crypto exchange. The deal, which was made public on Friday, will allow Kraken clients to finance their trading accounts using four different currencies – British pound, Swiss franc, Canadian Dollar, as well as the euro. InCore […]

2020-7-4 21:06


Bitcoin Suisse Adds Tezos (XTZ) Staking & Custodial Support to Institutional Grade Vault

Bitcoin Suisse – the Swiss crypto brokerage firm – has announced custodial and staking support for Tezos on May 19th, in order to lure more institutional clients to its platform. Staking has been the hottest trend in the crypto space this year, given major exchanges across space have added support for Tezos [like Bitfinex and […]

2020-5-22 19:19


Фото:

В Швейцарии открылся первый регулируемый криптовалютный банк

В Швейцарии открылся лицензированный криптовалютный банк — SEBA. 12 ноября банк открыл свои двери для корпоративных клиентов и профессиональных инвесторов. Об этом SEBA сообщил в пресс-релизе. After 18 months of hard work, we’re delighted to open the doors to our Swiss clients.

2019-11-14 14:18


Swiss Bank Duskascopy Launches Reward Program for its Clients

Dukascopy Bank, a Swiss-based foreign exchange bank, has announced the launch of its reward program for new and existing clients who hold its Mobile Current Account on its messenger app. The FINMA-regulated online FOREX banking service provider in charge of Dukacoin (DUK+) has kick-started its reward program which is focused on enabling its mobile current […] The post Swiss Bank Duskascopy Launches Reward Program for its Clients appeared first on ZyCrypto.

2019-7-28 20:52


Биткоин-биржа Bitstamp заключила партнерство со швейцарским Dukascopy Bank

Клиенты швейцарского Dukascopy Bank смогут осуществлять операции с криптовалютой благодаря партнерству с ведущей европейской биржей Bitstamp. CRYPTO BANKING: We partnered with @DukascopyBankSA, a leading Swiss online #bank, to enable #bitcoin account funding for their clients.

2019-1-26 16:12


Bitstamp Partners With Leading Swiss Online Bank to Enable Bitcoin (BTC) Funding and Withdrawals

The cryptocurrency exchange of Bitstamp has partnered with Dukascopy Bank to enable crypto funding for the clients of the bank. The bank is a leading Swiss online bank and its clients can now send Bitcoin (BTC) to their accounts and the crypto will be converted to US Dollars which they can use to trade on […] The post Bitstamp Partners With Leading Swiss Online Bank to Enable Bitcoin (BTC) Funding and Withdrawals appeared first on Ethereum World News.

2019-1-26 10:24