Today Vontobel, the Swiss-based investment bank that provides conventional custodial services,
announced ‘Digital Asset Vault’, an end-to-end service for digital assets aimed at wealth managers, banks and asset managers. The software allows users to give instructions for the purchase, custody, and transfer of digital assets quickly and securely, all within the banking infrastructure, similar to traditional asset types.
Vontobel claims to rank third in Switzerland for providing b2b services for custody and execution. The company is listed on the SIX stock exchange with a market capitalisation of CHF 3.1 billion.
The demand for digital products and services has been growing among financial intermediaries. At the same time many believe the lack of institutional-grade custody solutions has held back adoption.
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