Vontobel is now offering wealth managers, banks and asset managers in Switzerland a custody solution for digital assets - Digital Asset Vault.
With this service, clients can issue instructions for the purchase, custody and transfer of digital assets easily and securely within the banking infrastructure - like with traditional asset classes.
Vontobel has combined the custody of digital products with a solution that is based on Hardware Security Mode (HSM) technology and is integrated into its own banking infrastructure. With the new business solution ‘Digital Asset Vault', Vontobel is therefore the first bank in the world to offer the usual industry standards of quality within the established and regulated environment.
Digital Asset Vault is an alternative for personally registering with providers of digital assets and the custody of the same. The holding of private keys is no longer required. Clients can buy, sell or transfer digital assets by issuing instructions to their regular bank, with global and best execution. A consolidated overview of traditional and digital assets and asset classes is included in the client's statement of assets, thus providing a clearer list for tax purposes.
"Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets. By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators," stated Roger Studer, head of Vontobel Investment Banking.