Julius Baer, Zurich-based leading Swiss private banking group, on February 26, 2019, announced that in combination with an equity investment in SEBA Crypto AG (SEBA), enters the partnership with SEBA for digital asset services.
SEBA was founded in April 2018 and is headquartered in Zug. Ever since the company was pioneering the financial industry, building a progressive technological bridge between the traditional and the digital asset worlds. SEBA is expected to be one of the first start-ups in the crypto space to close the regulatory gap between conventional and digital assets.
Wide Range of Services
Julius Baer, the private bank which is operating since 1890, will use SEBA’a innovative platform in order to provide its clients with high-end solutions in the area of crypto assets. The collaboration between Julius Baer and SEBA is the result of an increasing demand of cryptocurrency-related services.
The official statement underlines that Julius Baer plans to extend its service range providing storage, transaction and investment solutions for digital assets in the near future after the FINMA will grant banking and securities dealer license to SEBA.
“At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership is proof of Julius Baer’s engagement in the area of digital assets and our dedication to make pioneering innovation available to the benefit of our clients.”
Peter Gerlach, Head Markets at Julius Baer said. Guido Buehler, CEO SEBA, added:
“We are very proud to have Julius Baer as an investor. SEBA will enable easy and safe access to the crypto world in a fully regulated environment. The cooperation between SEBA and Julius Baer will undoubtedly create value for the mutual benefit and to the clients.”
Julius Baer is present in all major financial centers. Headquartered in Zurich and more offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Milan, Monaco, Montevideo, Moscow, Mumbai, Singapore and Tokyo.