UBS Bank will provide clients with access to cryptocurrencies – Bits Media

Swiss financial giant UBS Group plans to introduce tools for investment in cryptocurrencies, and also expressed his readiness to implement blockchain in his business processes.

Investment bank UBS began exploring options, how to provide their wealthy customers are the possibility of investing in digital assets. The bank also considers the use of third -party investment tools.

Given the growing interest of investors in crypto actes, UBS considers it necessary to react to the situation, In order not to lose customers and satisfy their needs. It is worth noting, that earlier UBS analysts belonged to Bitcoin with wariness, Considering, that high volatility can prevent him from becoming a reliable means to maintain values.

Last week, General Director of the Swiss Bank Julius Baer Group Philip Rikenbacher (Philipp Rickenbacher) stated, that I also began to think about providing customers of the bank of access to cryptocurrencies. For this, Rikenbacher is ready to discuss the possibility of cooperation with partners, which will help realize this idea. However, the head of Julius Baer added, that he himself is not yet ready to make transactions with bitcoin.

UBS General Director Ralph Hamers (Ralph Hamers) stated, which carefully monitors the development of digital assets. However, the UBS management is also interested in blockchain technology, laid the basis of cryptocurrencies. The bank explores the potential of blockchain and artificial intelligence (II) to reduce costs and better orientation to the needs of their demanding customers. Hamers believes, that blockchain can modernize the current infrastructure of the bank, as well as ensure the conditions for creating innovative tools for employees and products for customers.

Many banks began to seriously treat cryptocurrency investments. Last week, the American bank Goldman Sachs announced the launch of bitcoin derivatives, And Citigroup intends to launch a platform for trading cryptocurrencies and their storage.