Swiss Private Bank Launches Digital Asset Services Including for Bitcoin And Ethereum

September 19, 2019 | Digital Assets, FinTech

Arab Bank Switzerland, a leading Swiss private bank, will provide custody and brokerage services for Bitcoin and Ethereum.

Arab Bank Switzerland will target high net worth clients for the services. In doing so, the firm will become one of the first private banks in Europe to offer such facilities for digital assets.

The bank said it was addressing the growing demand from existing and generally younger clients for digital assets services.  That’s because these clients were looking for diversification within their portfolios by adding digital currencies.

Arab Bank Switzerland will use the Taurus Group’s platform

The bank’s digital services will operate on a secure custody platform created by the Swiss fintech Taurus group.

Launched by two former senior private bankers, Taurus is a specialist in crypto assets. It claims to maintain the strictest software and hardware security standards via cryptographic currency standard (III). Also, Taurus is FINMA, FCA, and MAS compliant.

In a parallel announcement, Taurus said it had successfully deployed TAURUS-PROTECT, its cold storage solution for exchanges, banks and institutional clients with Arab Bank Switzerland.

TAURUS-PROTECT is an on-premise cold storage solution that uses FIPS 140-2 level 3 certified hardware security modules (HSMs), some of the most secure hardware in the world.

Blockchain the future

The bank said in its announcement that it expected the blockchain to disrupt the financial industry. Accordingly, it is its intention to be among the pioneering banks to offer digital asset services.

Though the bank has high-tech intentions, it has a rather conservative background. It was created in 1962 in Switzerland to serve as a bridge between the Arab and Western worlds. It is an associate company of Arab Bank plc, one of the biggest banks in the Middle East.

For more, visit

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

January 16, 2020

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

Latest Alternative Investment News

Digital Assets: In Reforms Push, China Mulling Rules for New Digital Banks, Including by Foreigners
January 17, 2020     Digital Assets, Regulations

China is working on guidelines for the establishment of online-only banks. Chinese regulators are pushing for the establishment of new, 100% digital banks to reduce risk in the country’s financial…

ESG: Cerulli Report Says 2020 To Be “Pivotal” For Retail ESG Investing
January 17, 2020     ESG and Sustainability, Special Reports

New regulations, products, and money will make 2020 a banner year for ESG in Europe Sustainable and responsible investing around the themes of Environment-Social-Governance (ESG) will come into its own…

The DailyAlts Playbook: Short Strategies for Tesla and Apple, where Ken Griffin was on Wednesday, Kyle Bass’ Hong Kong Worries, and the GAO’s Statement on Donald Trump
January 17, 2020     Investments, News, The DailyAlts Playbook

Today, the DailyAlts Playbook talks about short strategies for Tesla and Apple,  where Ken Griffin was on Wednesday, Kyle Bass’ Hong Kong worries, and the GAO’s statement on Donald Trump.

Private Equity: KKR Outlook 2020 Suggests Volatility Ahead
January 17, 2020     Investments, News, Private Equity

Private equity leader KKR released its latest macro outlook this week. Head of Global Macro & Asset Allocation Henry McVey outlines where KKR thinks the best opportunities will be this…