Santander Private Bank, a subsidiary of the Spanish banking giant Santander, has launched cryptocurrency services aimed at Swiss investors, providing trading and custody for Bitcoin and Ethereum.
Targeted at high-net-worth individuals, the bank plans to broaden its cryptocurrency offerings soon.
Santander has announced that it will introduce more cryptocurrencies that meet its criteria in the upcoming months.
These services are offered on a client-request basis through dedicated managers, emphasizing the importance of security in asset storage and the secure management of private cryptographic keys.
John Whelan, the Director of Crypto and Digital Assets at Santander, praised Switzerland for its sophisticated regulatory framework for digital assets and expects customers to prefer established financial institutions for their asset management needs.
Banco Santander, with a legacy of over 160 years, caters to a customer base of 166 million, including 210,315 affluent clients, and holds significant assets and deposits, totaling approximately [specific figure not provided] billion dollars.
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