International financial services provider LGT Bank has selected SEBA Bank to provide its digital asset custody and brokerage services, as part of an initiative to launch digital asset custody and trading services for its clients.
LGT Bank will initially offer investment services for Bitcoin and Ethereum.
LGT Bank’s digital asset investment services will be fully integrated with traditional assets, enabling SEBA Bank’s clients to incorporate crypto into their existing portfolio.
LGT Bank’s digital asset investment solutions will initially be available to selected client groups of LGT Bank, Liechtenstein.
Clients must be domiciled in Liechtenstein or Switzerland and be classified as professional clients or be managed by an external asset manager to access services.
SEBA Bank already offers a crypto yield offering, SEBA Earn, and the SEBA Gold Token, a digital token backed by physical Swiss gold.
The news of SEBA Bank’s mandate with LGT Bank comes almost two months after Euronext listed SEBA Bank’s digital asset-based exchange-traded products (ETPs) on its European exchange, connecting European economies to global capital markets.
Commenting on the LGT mandate, Franz Bergmüller, CEO at SEBA Bank, says: “The range of services combined with the highest security standards makes SEBA Bank's service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets.”
Roland Matt, CEO of LGT Bank, Liechtenstein, adds: "The demand for cryptocurrencies has also increased among our clients in recent years, we are very pleased that we can now offer our clients easy access to this 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.”
