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Swiss’ 5th Largest Cantonal Bank To Offer Crypto Custody Services 4w ago by

St.Galler Kantonalbank teams up with SEBA Bank to provide cryptocurrency services.

Plans are in place to extend digital asset adoption from wealth clients to retail customers.

The initial focus is on Bitcoin and Ethereum, with plans for additional cryptos and staking services.

St.Galler Kantonalbank (SGKB), the fifth-largest cantonal bank in Switzerland, has joined the ranks of major banks offering cryptocurrency services. In a statement on Thursday, SGKB disclosed entering into a strategic partnership with SEBA Bank to provide its customers with crypto trading and custody options. 

Under the alliance, SGKB will facilitate the trading and safekeeping of digital assets, with an initial focus on Bitcoin (BTC) and Ethereum (ETH). This SGKB-SEBA collaboration represents another significant stride in the growing trend of crypto adoption within the Swiss banking industry. 

Furthermore, the service will be available to the bank’s wealth-management clients in the interim. However, the institution has plans to make it accessible to retail customers based on client demand. Besides, SGKB and SEBA Bank intend to introduce additional cryptocurrencies and staking serv…

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