LGT Bank of the House of Liechtenstein will provide customers with access to cryptocurrency transactions
Liechtenstein House private bank opens to clients access to digital currency transactions. LGT Bank plans to implement cryptocurrency custodial services and brokerage services in cooperation with the Swiss bank SEBA.
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The licensed crypto bank SEBA Bank is going to provide the opportunity to conduct transactions with digital currencies of LGT, which manages assets in the amount of 285 billion dollars (equivalent to 280 billion Swiss francs).
This innovation will allow LGT Bank to meet the requests of wealthy depositors, among whom the popularity of cryptocurrencies is rapidly growing. At the time of the launch of new services, the bank will allow investing in Bitcoin (BTC) and Ethereum (ETH). Mathias Schütz, head of client and technical solutions at the Swiss bank, has announced that the number of available digital currencies will gradually increase. Also, partners believe there is a high probability that staking and other tools which increase the profitability of cryptocurrencies will be implemented.
Clients located in Liechtenstein and Switzerland will be the first to get access to operations with digital currencies. Over the next few months, the partners will work on implementing the proposal in Singapore and the Emirates.
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