In collaboration with Crypto Finance, a Deutsche Börse-owned digital asset firm, ZKB will facilitate crypto asset brokerage. Crypto Finance holds licenses from Switzerland’s FINMA and Germany’s BaFIN, guaranteeing a regulated and safe platform for buying and selling.
ZKB has additionally developed its personal crypto custody answer, with Fireblocks as a companion to reinforce safety. This transfer makes ZKB the second of Switzerland’s 4 main banks to supply retail cryptocurrency companies, following SubmitFinance, which partnered with Sygnum Bank earlier this 12 months.
ZKB prospects can now commerce Bitcoin and Ether through the financial institution’s cell banking app, eBanking, and different channels.
“With Crypto Finance, we’ve an skilled, regulated, and competent companion at our facet with long-lasting business experience, mastering the sides of the crypto enterprise,” mentioned Peter Hubli, Head of Digital Asset Solutions at ZKB.
Switzerland is understood for its supportive regulatory setting for cryptocurrencies, and ZKB’s entry into the retail crypto market marks a major step in the direction of mainstream adoption.
While some wealth managers in Switzerland have provided crypto companies for years, the enlargement to retail purchasers by one of many nation’s main banks highlights the rising acceptance and integration of digital property into conventional finance.
