The news keeps on coming about institutions entering the cryptocurrency space.
First is was Morgan Creek Digital raising $40 million for a crypto venture fund. Investors include two public pensions as well as a university endowment, a hospital system, an insurance company, and a private foundation.
Then Cambridge Associates, a financial advisor to pensions and endowments, said investors need to start exploring crypto as a long-term investment.
And now there’s Julius Baer.
Julius Baer is a Swiss Banking giant with 382.1 billion swiss francs (about $381.6 billion) in assets under management. It is one of the oldest and largest Swiss banking institutions.
The company just entered a partnership with crypto bank startup Seba Crypto AG.
Per the press release:
Julius Baer will enter into a partnership with SEBA to take advantage of their innovative platform and capabilities in order to provide Julius Baer clients with leading-edge solutions in the area of digital assets to meet an increasing demand. Through this partnership, which will come into effect upon the granting of the FINMA banking and securities dealer licence to SEBA, Julius Baer plans to extend its service range providing storage, transaction and investment solutions for digital assets.
This is big news as the Julius Baer Group manages assets for clients from all over the world.
And it’s another example of institutions getting into or closer to crypto.
or Abra
and trade cryptos on Binance and Bibox...
And delegate SP with MinnowBooster
That will be interesting
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yes indeed
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