banking group Swissquote has revealed its plans to launch custody services in late March, according to the company’s 2018 business results report, on March 8.
According to the report, the company has been five major since 2017 and is now introducing a crypto custody service.
The new feature is set to launch on March 21. According to the report, will be able to transfer crypto from external to their account at Swissquote and vice versa. As the document the states, the move will let the company “become a secure and technologically fully integrated platform and depositary for private and institutional clients alike.”
The solution will be based on services provided by company Crypto Storage AG.
Crypto Storage AG is a Swiss startup that provides infrastructure to manage . According to firm’s , it develops hardware security modules and provides services to financial intermediaries worldwide.
As Cointelegraph previously , Swissquote started accepting () in mid-2017, following a by Swiss Falcon Private Bank.
Later that year the company four other major currencies — (), (), () and Cash (BCH). In several months, Swissquote a 44 percent surge in profits for the first half of 2018, attributing the uplift to the “crypto boom.”
This January, Falcon Private Bank support for direct transfers and storage of four major — , Cash, , and — in an attempt to make assets “fully bankable.”
Also in January, the country’s major private bank has launched a custody solution targeting banks and .
Switzerland has been one of the pioneers of crypto on a state level. Recently, the country’s financial regulator, the Financial Market Supervisory Authority, guidelines for businesses applying for a license.
Published at Sat, 09 Mar 2019 05:51:00 +0000
