LGT Bank, owned by the Princely House of Liechtenstein, will offer private clients crypto storage services and the ability to invest in bitcoin and Ethereum. Reported by CoinDesk.

Private bank with US$285 billion (US$280 billion) in assets under management CHF), is co-developing the service with the licensed SEBA crypto bank.

Bitcoin and Ethereum investment services are LGT’s response to growing demand among its wealthy clients. In the future, the list of coins will be expanded. The bank is also in talks to add staking and other ways to increase the yield of digital assets.

Initially, the service will be available to customers from Liechtenstein and Switzerland.

Among potential markets for expansion of the offer, LGT is considering Singapore, the United Arab Emirates and Dubai.

Recall that in January 2022, SEBA Bank closed a Series C financing round for CHF 110 million (~$120 million). Altive was led by Ordway Selections, Summer Capital and DeFi Technologies.

According to a survey by British consulting firm Campden Wealth in November 2021, 28% of the world’s super-rich families have already invested in cryptocurrencies.

In the summer of 2021, investors were allowed to trade bitcoin by the Soros family office. Seek Capital, which also manages the $1.2 billion personal fortune of British entrepreneur Simon Nixon, has announced its intention to invest in digital assets.