Julius Baer has entered into partnership with Switzerland-based Seba Crypto AG to provide its clients with access to a range of new digital asset services.
Founded in April 2018 and headquartered in Zug, Seba builds a progressive technological bridge between the traditional and the digital asset worlds. It is expected to be one of the first start-ups in the crypto space to close the regulatory gap between conventional and digital assets.
Julius Baer has been a minority shareholder of Seba since 2018.
The collaboration between Julius Baer and Seba will be effective 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, while Seba will provide Julius Baer's clients with easy and secure access to these services in a fully regulated environment.
Also at an extraordinary general meeting on 20 March 2019, Seba will propose to its shareholders the election of Peter Gerlach, head markets and member of executive board at Julius Baer bank, to the board of directors.