LGT Bank to Launch Crypto Services with Seba Bank

LGT Bank Sets up Crypto Services with SEBA Bank

LGT Bank is part of LGT Group, a leading international private banking and asset management group with over $285 billion in assets under management. The firm is leveraging SEBA Bank’s fully regulated banking platform and institutional-grade digital asset custody capabilities to launch digital asset custody and trading services for clients.

LGT Bank will initially offer crypto services for Bitcoin (BTC) and Ethereum (ETH) with further plans to add more coins in the future alongwith staking and yield earning possibilities.

“The range of services combined with the highest security standards makes SEBA Bank's service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets," Franz Bergmüller, CEO at SEBA Bank, said in the release.

Available to Only Selected Client Groups

The upcoming service will be initially available to selected client groups of LGT Bank in Liechtenstein or Switzerland. They must also be classified as professional clients or be managed by an external asset manager in order to access services.

However, due to the demand in other areas and regions, the private bank is already working on expanding the offering and making it more widely available.