"UBS Group AG is preparing to offer bitcoin trading to a select group of private banking clients in Switzerland. According to a Bloomberg report citing people familiar with the matter, the Swiss banking giant has been in discussions for several months about launching a cryptocurrency trading offering and is currently in the process of selecting external partners. The service would initially be limited to a small subset of Swiss private banking clients, with a broader rollout possible at a later stage."
"Rather than building a full digital asset stack in-house, the banks is reportedly evaluating partnerships with third-party providers that could handle trading execution, custody, and compliance. A partner-led model would allow the bank to offer crypto exposure while limiting balance sheet risk and operational complexity. Such an approach mirrors strategies adopted by other major financial institutions entering the digital asset space, particularly those seeking to comply with stringent capital requirements under the Basel III framework."
"Under the proposed structure, the company would initially allow eligible clients to buy and sell bitcoin (BTC) and ethereum (ETH), the two largest digital assets by market capitalization. Additional assets have not been discussed. While the initial rollout would focus on Switzerland, Bloomberg reported that UBS is considering expanding the service to other regions, including Asia-Pacific and the United States, depending on regulatory clarity and client demand."
UBS Group AG is preparing a cryptocurrency trading offering for a select group of Swiss private banking clients. The bank has been in discussions for months and is selecting external partners to handle execution, custody, and compliance rather than building an in-house digital asset stack. The initial service would allow eligible clients to buy and sell bitcoin (BTC) and ethereum (ETH), with additional assets not yet discussed. Implementation remains unfinalized and subject to regulatory, operational, and risk assessments. UBS may expand the service to Asia-Pacific and the United States depending on regulatory clarity and client demand. A partner-led model would limit balance sheet exposure and operational complexity.
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