St. Galler Kantonalbank (SGKB), one of Switzerland’s oldest banks, has made a significant move into the world of cryptocurrency. Through a partnership with SEBA Bank, SGKB now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). This expansion into digital assets puts SGKB at the forefront of Swiss banks embracing the crypto revolution. The bank initially plans to provide these services to its wealth-management clients, with future plans to extend them to retail customers. This move follows similar offerings by other Swiss banks, indicating a shift in the banking sector to cater to both high-net-worth individuals and the broader retail market. SGKB’s integration of digital assets is designed to be seamless, allowing clients to manage their crypto portfolios alongside traditional assets using existing banking interfaces. The partnership with SEBA Bank also opens the possibility for clients to invest in a wider range of cryptocurrencies upon request. As SGKB leads the way in digital asset services, other Swiss banks are likely to feel the pressure to establish their positions in the growing crypto sector.

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Information	Details
Geography	Europe
Countries	🇨🇭
Sentiment	positive
Relevance Score	1
People	Falk Kohlmann, Christian Bieri
Companies	CVJ.CH, SEBA Bank, St. Galler Kantonalbank, FINMA, Zuger Kantonalbank
Currencies	Ethereum, Bitcoin
Securities	None