LGT Group, a leading family-owned private banking, and asset management firm, has launched Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein.
A Quick Overview of LGT
LGT is the world’s largest private banking and asset management firm, controlled entirely by a family of entrepreneurs. The Princely Family of Liechtenstein has been administering LGT for almost 90 years and has extensive expertise in managing family assets. LGT takes a long-term approach to both its company and investing objectives.
LGT Bank is launching digital asset custody and trading services for clients using SEBA Bank’s fully regulated banking infrastructure and institutional-grade digital asset custody capabilities.
Today, SEBA Bank, a FINMA-licensed digital asset banking platform, announced that it has teamed with LGT Bank, an international financial services provider specializing in private banking and asset management, to offer digital asset custody and brokerage services.
LGT Bank will eventually offer custody and trading services for BTC and ETH. At the same time, Seba will support more than 14 cryptocurrencies, including altcoins like Litecoin (LTC), Polkadot (DOT), Tezos (XTZ), and the Tether (USDT) stablecoin, and others.
According to the announcement, LGT’s crypto services will be wholly integrated with traditional assets, allowing clients to conveniently exchange assets in their existing portfolios. LGT Bank’s new service will be provided to a small set of clients at first. Clients must be situated in Liechtenstein or Switzerland and classed as professional clients or managed by an external asset manager to use the new services.
