Zürcher Kantonalbank (ZKB), which has approximately 450 billion Swiss francs under management and was named “the second safest bank in the world” last year, will now start providing crypto buying, selling and custody services.

In an official statement made today, the bank announced that it has fully integrated these services into its existing digital systems. The institution, which is the 4th largest bank in Switzerland, will provide these services in partnership with Crypto Finance AG, a subsidiary of the German giant Deutsche Börse Group.

“Do not have to worry about storing their private keys, as the bank will handle both processes”

Alexandra Scriba, the bank’s head of corporate services, said that customers or third-party banks should no longer have to worry about the storage of keywords and assets.
In 2021, Zürcher Kantonalbank (ZKB) also issued the world’s first digital bonds on the SIX DigitaL Exchange (SDX), a digital asset exchange established by the SIX Group, which operates Switzerland’s financial infrastructure.

Switzerland embraces crypto

As it is known, Switzerland, one of the richest countries not only in Europe but also in the world, is making a name for itself with new developments in the field of cryptocurrencies every day.

While many shopping can be done with cryptocurrencies in some cities or regions, especially Lugano in the country; Banks such as Sygnum Bank, SEBA Bank and Maerki Baumann also provide crypto storage and transaction services.