UBS Considers Crypto Investments for Wealthy Clients
- UBS Group AG is evaluating allowing select wealthy clients to invest in crypto assets, starting with Bitcoin and Ethereum.
- The potential rollout may begin in Switzerland, with possible expansion to the Asia-Pacific region and the US.
- This initiative aligns with rising interest in digital assets among wealthy clients and follows similar moves by JPMorgan and Morgan Stanley.
- UBS previously launched UBS Digital Cash for multi-currency cross-border payments on a private blockchain in November 2024.
- CEO Sergio Ermotti has highlighted blockchain’s importance for traditional banking due to its efficiency and scalability.
UBS Group AG is considering enabling wealthy clients to invest in digital assets like Bitcoin and Ethereum, reflecting growing interest among affluent investors. The bank plans a phased approach starting in Switzerland, potentially expanding globally.
Source (3.2)https://cryptobriefing.com/ubs-crypto-investing-options/?rand=59535
