The Swiss-based Zug-based Arab Bank is responding to the growing demand for alternatives to traditional investment strategies with its latest offering in the cryptography sector. Cryptographic investments could thus become a new asset class for a diversified portfolio with good prospects for the future.
Arab Bank wants to make Bitcoin and Ethereum more accessible as digital assets
The bank plans to facilitate the purchase and custody of both virtual currencies to institutional investors. As a result, transactions with Bitcoin, Ethereum and other digital resources should soon be accessible as efficiently as traditional investment options.
In addition, Arab Bank has shown in the past that she was able to create a bridge between two worlds. Arab Bank Plc's sister company in the Middle East was founded in 1962. The goal was to connect the worlds of Arab and Western investment. Already at that time, the Arab Bank had gained a place among the first private banks to engage in commodity trading. Could the entrepreneurial strategy succeed again?
The world reacts to the changing world of finance
Serge Robin, CEO of Arab Bank (Switzerland) Ltd., explains in a press release:
We are confident that Blockchain will transform the financial sector as we know it. We intend to be one of the first banks to offer our clients a digital asset management service in a secure and regulated environment.
The new crypto offer is made possible by the service of the Swiss company fintech, Taurus group. This helps the bank to effectively implement its preservation solution. Lamine Brahimi, Managing Partner of the Taurus Group, added: "We intend to support all major innovative players, such as Arab Bank, in building or adjusting their infrastructure for cryptographic assets. This is a necessary step for the next generation of financial market infrastructure to rely on the blockchain. "
At the end of August, competition from the traditional Swiss bank Maerki Baumann also announced its intention to locate in the sector of federal cryptography.