Julius Baer Group, a Swiss multinational bank headquartered in Zurich, is one the oldest banks in the countries with approximately $400 billion in assets under management (AUM). In February 2019, they announced their cooperation with SEBA Bank AG in regard to offering digital assets services to their clientele. The latter is a FINMA licensed Swiss bank that offers a bridge between traditional and digital assets.
According to their press release, Julius Baer is offering “its clients with access to various solutions for digital assets storage and transactions to meet an increasing demand”. This increasing demand they’re referring to is a phenomenon we’ve been witnessing with Fidelity Investments, Bakkt and many other traditional finance conglomerates that are now expanding to the world of digital assets.
The services they are offering to their clients, through SEBA are secure storage, transaction-related solutions as well as consolidated portfolio overviews that examines the balance between traditional and digital assets.
During 2019 and now 2020, a few people started viewing cryptocurrencies as a non-correlated asset class. When the latter is added to a traditional portfolio, the lack of correlation, theoretically, decreases the risk of that portfolio. This new perspective was first seen during the China-US trade war and during the Iran-US crisis.
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