Clients receive direct cryptocurrency investments from a Liechtenstein-based family-run bank

Clients receive direct cryptocurrency investments from a Liechtenstein-based family-run bank ...

LGT Bank, the world''s largest family-owned bank, is now offering direct investment in Bitcoin and other cryptocurrencies with a market cap; Bitcoin, Ether, Ripple, Bitcoin Cash, and Litecoin, purchasable with Euros, US dollars, and Swiss Francs. Trading will take place only once a day with SEBA Bank providing the necessary trading and custody services for LGT''s offerings.

"We are very pleased that we can now provide easy access to these markets to our customers," says Roland Matt, the CEO of LGT Bank in Liechtenstein. "We have worked diligently on this offer."

LGT claims that the partnership seeks to reduce security hazards for its clients, which it claims are common in the space, including market, liquidity, and private key possession risks.

In a release, Franz Bergmuller, the CEO of SEBA Bank, believes that we have the experience, established procedures, and, above all, a custody solution that is ISAE-certified and established by independent authorities. "We are able to assist banks and their clients in dealing traditional and digital assets securely."

"The variety of services combined with the highest security standards make SEBA Bank''s service offering unique, and we''re extremely pleased to be able to use our expertise to assist LGT in expanding its offerings for digital assets."

Existing LGT customers will find the strategies used for buying Bitcoin similar to those used in traditional currencies. LGT will provide the same tax documentation for tax returns, and liquidity will be available after a short period of time if a client chooses to sell.

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The initial offer is only available to select clients located in Liechtenstein and Switzerland. The clients must also be identified as either professional clients or previously members of an external asset manager.