UBS to Offer Bitcoin and Crypto Trading to Private Banking Clients

Swiss banking giant UBS Group AG is preparing to offer cryptocurrency trading and investment services to a select group of private banking clients. According to the reports from Bloomberg and Reuters, the multinational investment bank and financial services provider is in the final stages of selecting third-party partners to facilitate trading and custody for Bitcoin (BTC) and other major digital assets. 

UBS Expands Its Digital Asset Services

UBS, the world’s largest wealth manager with about $6.9 trillion in invested assets, has so far focused on blockchain-based tokenization projects. It offers these projects through its UBS Tokenize Platform while it steers clear of direct cryptocurrency exposure. The proposed move would mark its first step into enabling clients to trade and invest directly in digital assets. 

Sources close to the matter said no final decisions have been made regarding the structure of the offerings or their rollout timeline. Initial services are expected to target high-net-worth clients by following the cautious but progressive approach of its competitors, such as JPMorgan Chase and Goldman Sachs. 

The initiative reflects the growing demand from wealthy investors as regulatory frameworks around digital assets mature and institutional adoption increases.