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January 22, 2020

Julius Baer rolls out digital assets service

Swiss private banking group Julius Baer, in association with crypto-bank SEBA, has launched its digital assets service.

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The pair collaborated on the initiative last February and SEBA secured a crypto banking licence from Swiss financial watchdog FINMA in August 2019.

Safety, technical reliability, and tradability were the key parameters for the selection of virtual currencies available through the alliance.

Currently, Julius Baer’s digital assets suite includes access to secure storage and transaction solutions. At the same time, the  Zurich-based bank provides consolidated portfolio overviews across traditional as well as digital assets.

Julius Baer customers booked in Switzerland can avail these services utilising the SEBA platform.

In recent times, multiple firms across the globe have jumped on the crypto bandwagon.

A year ago, Swiss asset manager Vontobel launched a service called Digital Asset Vault.

The service enables banks and wealth managers in Switzerland to deposit, buy and sell virtual currency on behalf of clients.

Soon after, Swiss private bank Falcon started accepting direct transfers of selected cryptocurrencies, including Bitcoin, for private and institutional clients.

Fund services provider Zedra also entered the digital assets space last year in partnership with digital custodian Vo1t.

At the same time, a report last year said that American asset manager Fidelity Investments will provide cryptocurrency trading targeting institutional investors.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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