The Liechtenstein Global Trust (LGT Group), the largest family-owned private banking and asset management group in the world, has announced a partnership with Swiss crypto services provider SEBA Bank. The collaboration will allow LGT Bank to offer comprehensive crypto services to their clients.
LGT Bank will initially offer investment services for Bitcoin (BTC) and Ethereum (ETH). Digital asset investment services will be fully-integrated with traditional assets, enabling clients to seamlessly incorporate crypto into their existing portfolio.
Integration of crypto into existing portfolios
LGT Bank is part of LGT Group, a leading international private banking and asset management group with over CHF 280 billion in assets under management. The financial firm is leveraging SEBA Bank’s fully regulated banking platform and institutional-grade digital asset custody capabilities to launch digital asset custody and trading services for clients.
The CEO at SEBA Bank, Franz Bergmüller, commented that as a licensed and FINMA regulated Swiss bank with a core competence in cryptocurrencies and digital assets, SEBA enables banks and their clients to handle traditional and digital assets securely.
“We have the knowledge, established processes, and above all, a custody solution that is ISAE 3402 certified and established by independent bodies. The range of services combined with the highest security standards makes our service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets." - Franz Bermüller, CEO at SEBA Bank
Clients benefit of diverse investment services
The 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 in order to access services. The services include:
- Trading in over 14 cryptocurrencies
- A comprehensive crypto yield offering
- SEBA Earn
- The SEBA Gold Token, an innovative digital token backed by physical Swiss gold
SEBA Bank's ISAE 3402 certified hot and cold storage custody solutions will enable LGT and its clients to benefit from the highest security standards in the safekeeping of their digital assets and private keys. Roland Matt, CEO of LGT Bank Liechtenstein, notes that the demand for cryptocurrencies has increased among their clients in recent years. Therefore he's very pleased to now offer easy access to this 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." - Roland Matt, CEO of LGT Bank Liechtenstein