{"id":310093,"date":"2021-07-28T13:53:54","date_gmt":"2021-07-28T10:53:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vontobels-wealthy-clients-are-interested-in-crypto-says-ceo\/"},"modified":"2021-07-28T13:53:54","modified_gmt":"2021-07-28T10:53:54","slug":"vontobels-wealthy-clients-are-interested-in-crypto-says-ceo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vontobels-wealthy-clients-are-interested-in-crypto-says-ceo\/","title":{"rendered":"# Vontobel’s wealthy clients are interested in crypto, says CEO"},"content":{"rendered":"

“# Vontobel’s wealthy clients are interested in crypto, says CEO <\/strong>”
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Zeno Staub, CEO of Swiss private banking and investment management giant Vontobel, has revealed that some of the company\u2019s wealthy clients have crypto exposure.<\/p>\n

Speaking to Bloomberg on Tuesday, Staub stated<\/a>\u00a0that Vontobel’s\u00a0clients have an interest in cryptocurrencies.<\/p>\n

According to Staub, blockchain technology<\/a> will have a profound impact on global finance. As part of the interview, the Vontobel CEO described the novel tech as the \u201cLogic consequence of the general<\/a> trend securitization because it is the only available technology that can create trust without a central counterparty.\u201d<\/p>\n

Commenting on the bank\u2019s crypto offerings for wealthy clients, Staub stated:<\/p>\n

\u201cWhat we offer to our clients is that we\u2019ve wrapp<\/a>ed some cryptocurrencies in a secure, convenient, easy to handle way and clients appreciate that and allocate part of their wealth to that.\u201d<\/p><\/blockquote>\n

In its half-year financials published<\/a> on Tuesday, the bank also reported significant interest for its Bitcoin (BTC) tracker certificate investment product. According to the report, the bank\u2019s assets under management grew 11% in the first half of 2021 to reach an all-time high of 274.5 billion Swiss francs (about $300 billion).<\/p>\n

Indeed, as previously reported by Cointelegraph, Vontobel is one of the pro-crypto banks in Switzerland. Back in 2016 and 2017, the bank was already creating Bitcoin-based investment products.<\/p>\n

In January 2019, Vontobel also created a regulated crypto custody product for banks and asset managers.<\/p>\n

Related: <\/em><\/strong>Many JPMorgan clients see Bitcoin as an asset class, says senior exec<\/em><\/strong><\/em><\/strong><\/u><\/p>\n

Staub\u2019s comments reinforce previous statements by other wealth management firms about the growing appetite for crypto exposure among their big-money clients. <\/p>\n

Such is the extent of this growing interest that investment banks are becoming more incentivized to offer crypto investment products to their rich clients.<\/p>\n

Earlier in July, JPMorgan announced plans to provide access to Grayscale\u2019s Bitcoin trust to retail wealth clients.<\/p>\n