The Biggest Family-Owned Private Bank to Offer BTC and ETH Trading

The LGT bank, a massive financial institution in Liechtenstein, has teamed up with the Swiss SEBA bank to offer their customers an option to directly invest in BTC

  • LGT Group, a massive financial institution in Liechtenstein, has teamed up with the Swiss SEBA bank to offer their customers an option to directly invest in BTC and ETH. The decision was made based on growing demand for crypto transactions and overall interest in blockchain tech.

In this new partnership deal, SEBA Bank will play the role of broker as well as custodian. The custody solution is fully regulated and will let customers store their digital assets using the same rules normally used for traditional assets, including documentation for tax returns. Moreover, customers won’t have to keep track of their crypto wallet keys or even passwords, as the crypto assets will be stored directly and easily accessed in the bank’s internal system.

Ambitious Plans to Expand Further into the Crypto World

LGT Bank’s CEO, Roland Matt, explained: “When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures. They are fundamental when dealing with this dynamic and still quite young asset class.” 

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The responsibility to meet their client’s demands in opportunities as well as security is not bound to just Liechtenstein or Switzerland. In the near future, LGT Bank in partnership with SEBA Bank will broaden the territory of their services, but haven’t disclosed where exactly yet.

BTC Could Double by the End of 2022, According to Experts

The Swiss part of the team, SEBA Bank, already offers services in most of the top 20 cryptocurrencies, including Litecoin (LTC), Tether (USDT), and Polkadot (DOT). Their partners in Liechtenstein have plans to integrate altcoins with the help of SEBA’s expertise, which seems to be trustworthy. SEBA bank has its own native token, the SEBA Gold Token, which is backed by real Swiss gold.

In addition, SEBA specialists paint a very bright future for Bitcoin (BTC). Research conducted at the beginning of the year drew a conclusion that BTC will at least hit the mark of $50,000, but could possibly go up to $75,000 by the end of 2022. Certainly, it looks like partnership deals like the one between Liechtenstein’s LGT and Switzerland’s SEBA banks only confirm there’s a lot of truth to this prediction.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.