Bitcoin and other cryptocurrencies continue to make their way into the world's banking systems. The latest is LGT Bank, the largest family bank in the world, founded by the royal famiuly of Liechtenstein, with Prince Maximilian of Liechtensteinwhich serving as the bank CEO.
Headquartered in Switzerland with European offices in Germany, Ireland, France, Austria, and international locations in the United States, Australia, China, Japan and more.
The bank controls around $280 billion dollars in assets, and has an annual revenue of over $21 billion. under its protection and belongs to one of the most important royal houses in Europe.
Today they announced Bitcoina and Ethereum investment options are open to their clients...
Partnering with SEBA Bank, which has already been dealing with cryptocurrencies, LGT Bank can now offer asset management, digital asset custody and brokerage services to their global client base.
While LGT will only offer Bitcoin and Ethereum to begin with, their partner bank SEBA supports 14 cryptocurrencies that LGT could easily implement if this initial phase is a success.
It was their customers asking for access to the crypto markets that convinced them to make the move...
"The demand for cryptocurrencies has also increased among our clients in recent years. We are very pleased that we can now offer our client easy access to these asset class. When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures. They are central for dealing with this dynamic and still quite young asset class. Thanks to our cooperation with SEBA Bank, our clients' digital assets are held in the custody of a professional and certified provider with extensive experience in this area" says CEO of LGT Bank, Liechtenstein.
At rollout, their new crypto services will only be available to clients in Liechtenstein and Switzerland.
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Author: Adam Lee
Asia News Desk / Breaking Crypto News
