Investec, a South African banking specialist and asset management group, is set to offer cryptocurrency custodial services.

The just ended Blockchain Africa Conference 2020 featured Investec as a headline sponsor. During their keynote address, the group announced new blockchain-related features expected to be rolled out soon.

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Chris Becker, Blockchain Lead at Investec Private Bank, took to the stage to make the announcement. He said:

Our blockchain team have been extremely busy over the last 3 years building the right products that one would expect from an innovative bank like ours, but products that would be most utilised and make the most sense. We believe offering custodial services of digital assets for our clients is indeed what makes the most sense.

Aside from that, Becker also mentioned that Investec is working with exchanges in South Africa to find the most user-friendly directions to thread.

Offering digital asset custodial services is expected to push the Investec brand to younger people who are interested in new asset classes and investment options.

The expected launch date was not mentioned during the keynote. However, BlockNewsAfrica will follow developments closely and share it with our readers.

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