Julius Baer Group Ltd. Is Working on Offering Services in Digital Assets to Its Wealthy Clients

Julius Baer Group Ltd. said it is working on offering services in digital assets to its wealthy clients, and sees the current turmoil in global crypto markets as potentially defining moment for the asset class. According to a statement on the bank’s updated strategy on Thursday. Pilot programs are currently in place with an eye to offering advice, trading and investing in cryptocurrencies to its rich customers. “It could well be that at this very instant we are witnessing a bubble-burst moment of the crypto industry, and we all know what happened after the dot-com bubble burst 30 years ago.” Chief Executive Officer Philipp Rickenbacher said during a presentation of the bank’s strategy to investors on Thursday.