St. Galler Kantonalbank (SGKB), as the fifth-largest cantonal bank in Switzerland, has announced its partnership with SEBA Bank to provide its customers with the opportunity to store and trade digital assets such as Bitcoin and Ethereum.
SGKB Plans to Add More Cryptos in the Future
St. Galler Kantonalbank (SGKB), one of the 24 cantonal banks in Switzerland and a commercial entity owned by the Swiss federal governments, will commence offering storage and trading services for cryptocurrencies like Bitcoin and Ethereum to a selected customer group as part of this collaboration. Additionally, SGKB is considering expanding these services based on customer demand and adding more cryptocurrencies to their offerings.
SEBA Bank’s Digital Asset Services
One of the reasons SGKB chose to partner with SEBA Bank for digital asset brokerage and custody services is SEBA Bank’s expertise in digital asset trading and storage, being a Switzerland-based financial institution specialized in this field.
“We are delighted that we can support St.Galler Kantonalbank in expanding their services related to digital assets with our expertise.”SEBA Bank B2B President
Source: The Block