LGT Bank, owned by the princely family of Liechtenstein, has begun offering brokerage services as well as cryptocurrency custody services to private clients from Switzerland and Liechtenstein.
For this purpose, LGT has entered into a partnership agreement with cryptobank SEBA Bank.
For starters, LGT will offer investment products for bitcoin and Ethereum. However, according to Matthias Schütz, head of client and technical solutions at SEBA, the bank is in talks to expand its list of assets as well as to offer stacking services.
Schütz also noted that the bank is not planning to stop only at clients from Switzerland and Liechtenstein.
“LGT is seeing demand from account managers to expand this offering in Singapore and other regions. For example, they have a presence in the UAE, in Dubai. So they also want to add those locations to the game,” he said.
LGT Bank has $280 billion Swiss francs ($288 billion) in assets.