The House of Liechtenstein-owned financial institution is enabling crypto custody and trading services in cooperation with Swiss cryptocurrency bank Seba.
The international private banking and asset management bank will initially offer investments services to its clients in Bitcoin and Ether.
The private bank announced that it will leverage SEBA Bank’s fully regulated banking platform to offer crypto custody and trading services to its clients.
Mathias Schütz, SEBA’s head of client and tech solutions, revealed that the private bank is likely to add more cryptocurrencies later on.
Liechtenstein’s LGT Bank CEO Roland Matt said that the demand for cryptocurrencies has increased among their clients in recent years.
The LGT Bank, part of LGT Group, has over $288 billion assets under management.
More and more major financial institutions are now embracing cryptocurrencies. It will be interesting to see which major bank joins the list next.