Swiss Bank Announces Custody Solution for Digital Assets

Switzerland is not satisfied with being a country of particular importance for the world of finance; now it seeks to consolidate itself as one of the most important nations for crypto adoption and its promotion as mechanisms for transferring and storing value.

Vontobel, one of the most important private banks in the country, has decided to “merge” both worlds (that of traditional finance and that of cryptocurrencies), announcing the launch of Digital Asset Vault, a crypto assets custody service that treats them similarly to traditional physical goods.

According to information published on the bank’s official website, Roger Studer, Head of Vontobel Investment Banking was quite enthusiastic about this new service, which he classified as a “logical evolution” compared to traditional financial solutions:

“Digital Asset Vault is a logical evolution that extends our digital assets offering. With our innovative strength and experience, we have closed the existing gap between existing and digital assets. By incorporating our digital assets into our own banking infrastructure, we are also the first provider to meet the demanding requirements of financial intermediaries and their regulators”.

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The post Swiss Bank Announces Custody Solution for Digital Assets appeared first on BlockBoard.

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