Switzerland's Julius Bär Gruppe AG partnered with Zug-based SEBA Crypto AG to give its clients access to digital asset services.
The partnership will be effective once SEBA obtains a banking and securities dealer license from the Swiss financial markets watchdog.
The Swiss lender intends to offer storage, transaction and investment solutions for digital assets like cryptocurrencies, with SEBA giving the bank's clients easy and secure access to these services in a fully regulated environment.
Julius Bär head of markets Peter Gerlach will join SEBA's board of directors following approval from the crypto firm's shareholders.
The Swiss lender is a minority investor in the crypto firm, which raised $102.3 million in its series A funding round in September 2018.