Swiss Arab Bank has launched a full range of solutions for digital assets. It has thus become one of the first banks in Europe and on the Place de Genève to offer such services.

The bank has partnered with a blockchain technology firm Taurus for launching the service. The blockchain firm will help the bank provide crypto-focused services such as custody and brokerage as well. The launch is an answer to the growing demand of clients who want to have access to crypto services. They can now buy and keep digital assets, Bitcoin and Ethereum. The range will expand in the near future under the same conditions. The bank will use the fintech’s “Taurus Protect” crypto storage platform.

Many wealthy banking clients have shown their inclination towards cryptocurrency investment portfolios. However, banks have always been reluctant to consider crypto, thanks to the regulators. The Swiss Arab Bank was one of the first private banks to successfully launch its commodities trading operations in 2009. Even now it is taking the first step towards changing the banking landscape by launching the new crypto dedicated service.

Lately, the Swiss regulatory body has been encouraging the adoption of future techs like blockchain and cryptocurrency. Last month, the Swiss FINMA (Financial Market Supervisory Authority) had released the guidelines on blockchain payments. The rules were applied to every blockchain service such as exchanges, wallet providers and trading platforms as per the source.