đOne of Switzerland's largest cantonal banks has launched digital asset custody and brokerage services for its clients, in collaboration with SEBA Bank.
This week, St. Galler Kantonalbank announced the launch of bitcoin and ether storage and trading services to a select group of clients. SGKB added that it has plans to expand its digital asset offerings with the addition of more cryptocurrencies, based on client demand.
SGKB uses Switzerland-based SEBA Bank to provide digital asset brokerage and custody services.
SGKB is one of Switzerland's 24 cantonal banks, which are commercial institutions partly owned by the Swiss federal government.
SEBA Bank holds a banking license from the Swiss financial markets regulator FINMA. The crypto bank provides digital asset services to other banking institutions, including private and retail banks, such as LGT Bank Liechtenstein and Julius Baer Bank.
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