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Private Swiss Bank Offers Clients Trading and Custody Of Crypto Assets

Emily Mason

Summary: Starting June 2020, Swiss bank Maerki Baumann & Co. will begin offering clients trading and custody of crypto assets, according to a recent statement. The move is a part of a larger strategy by the bank to expand crypto opportunities for clients. Last year the bank began offering business accounts for blockchain companies and supported ...

Starting June 2020, Swiss bank Maerki Baumann & Co. will begin offering clients trading and custody of crypto assets, according to a recent statement.

The move is a part of a larger strategy by the bank to expand crypto opportunities for clients. Last year the bank began offering business accounts for blockchain companies and supported both initial coin offerings and security token offerings.

The Swiss Financial Market Supervisory Authority (FINMA) granted the bank approval to take this next step.

The move is a signal that catering to high-profile clients' desire to enter the crypto space is a moneymaking space, coindesk.com reported.

By Emily Mason

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