Vontobel offers new custody solution for digital assets
15 January 2019 Zurich
Image: Shutterstock
Vontobel is now offering wealth managers in Switzerland an end-to-end service for digital assets, Digital Asset Vault.
Through a simple connection, Swiss banks and asset managers can now issue instructions for the purchase, custody and transfer of digital assets easily and securely within the banking infrastructure.
According to Vontobel, Digital Asset Vault is an alternative for personally registering with providers of digital assets and the custody of the same. The holding of private keys is no longer required.
Clients can buy, sell or transfer digital assets by issuing instructions to their regular bank, with global and best execution.
A consolidated overview of traditional and digital assets and asset classes is included in the client’s statement of assets, providing a clearer list for tax purposes.
Digital Asset Vault is based on the hardware security mode technology and is integrated into its own banking infrastructure.
Vontobel is the third-largest provider of business to business services in Switzerland in the area of custody and execution.
Roger Studer, head of Vontobel investment banking, said: "Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets.”
He added: “By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators.”
Through a simple connection, Swiss banks and asset managers can now issue instructions for the purchase, custody and transfer of digital assets easily and securely within the banking infrastructure.
According to Vontobel, Digital Asset Vault is an alternative for personally registering with providers of digital assets and the custody of the same. The holding of private keys is no longer required.
Clients can buy, sell or transfer digital assets by issuing instructions to their regular bank, with global and best execution.
A consolidated overview of traditional and digital assets and asset classes is included in the client’s statement of assets, providing a clearer list for tax purposes.
Digital Asset Vault is based on the hardware security mode technology and is integrated into its own banking infrastructure.
Vontobel is the third-largest provider of business to business services in Switzerland in the area of custody and execution.
Roger Studer, head of Vontobel investment banking, said: "Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets.”
He added: “By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators.”
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