Maerki Baumann, a Swiss private bank, has recently affirmed that 400 new clients are currently interested in crypto and blockchain offerings. According to the bank, which is based in Zurich and has around $8.2 billion USD under its management, the blockchain is the way to “rejuvenate” the business.
The CEO of the company, Stephen Zwahlen, affirmed that the bank is used to looking for clients, so they were surprised when around 400 clients knocked on their doors wanting to invest in crypto.
Most of them were between 30 and 40 years and struggled to access the financial world. Now, they wanted a shot at it and believed that Bitcoin could be their investment.
According to Zwahlen, the bank is now looking to become the go-to private bank when it comes to crypto investments. Most banks do not support the technology but he believes that the nascent industry can bring a lot of benefits for the institution and its clients.
Now that the company has been properly approved to offer crypto services, it is looking to establish the right partnerships that could help it to offer the best products for its clients.
The CEO affirms that the third part of the plan will be to advise the clients and manage their resources in the blockchain market. According to him, big demand is expected, as crypto assets will be significantly more important in the future and are maybe even surpassing the more traditional ones.
However, the company will not be dealing directly with Bitcoin. Instead, it will outsource crypto trading, clearing, and settlement and only manage it via third-parties.