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LGT Bank partnered Swiss Crypto bank Seba
May 05, 2022
LGT Group, a top family-owned private banking, and asset management group, is moving into cryptocurrency by launching Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein.
Managing over $292 billion of assets, LGT Bank has debuted digital asset custody and trading services in cooperation with Swiss cryptocurrency bank Seba, as indicated by a joint announcement released on Wednesday.
“LGT Bank has been offering direct investments in Bitcoin and Ether since May. The private bank has gone into a partnership with Seba Bank, which will go about as broker and custodian to provide this service,” Seba Bank’s chief marketing officer Sandra Frank told Cointelegraph.
LGT Bank will initially offer custody and trading services for BTC and ETH. Seba supports more than 14 cryptocurrencies, including altcoins like Litecoin (LTC), Polkadot (DOT), Tezos (XTZ), and the Tether (USDT) stablecoin, and others.
According to the announcement, LGT’s crypto services will be fully integrated with traditional assets, enabling clients to easily exchange assets in their existing portfolios. The new offering will be initially available to selected client groups of LGT Bank. To get to the new services, clients should be based in Liechtenstein or Switzerland and be classified as proficient clients or be managed by an external asset manager.
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