Swiss banking institution St. Galler Kantonalbank (SGKB) is diving into the world of cryptocurrencies, offering its customers the ability to trade Bitcoin (BTC) and Ethereum (ETH).
To make this happen, SGKB has partnered with SEBA, a bank that specializes in all things crypto, to handle the brokerage and custody services.
This new service is already up and running for specific SGKB customers, following a short testing period. And the best part? SGKB plans to add more crypto in the future, depending on what its customers are interested in.
SGKB, which serves both regular folks and big institutions, managed around $58.9 million in assets at the end of 2022.
Thanks to the partnership with SEBA, the bank’s customers can now dip their toes into the world of digital assets and potentially expand their investment portfolios.
Christian Bieri, Head of B2B and Custody Solutions at SEBA, expressed his excitement about the collaboration, saying, “We are very pleased to be able to support St. Galler Kantonalbank with our expertise in expanding their services around digital assets.” So, it seems like SGKB customers can look forward to more crypto options in the future.