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UBS CEO Details Crypto Plans Following Report of Bitcoin, Ethereum Trading for Wealthy Clients
UBS CEO Details Crypto Plans Following Report of Bitcoin, Ethereum Trading for Wealthy Clients
Publicly traded Swiss bank UBS Group AG (UBS) is creating a path to tokenized services and crypto access for its clients, the firm’s CEO confirmed on its Q4 earnings call on Wednesday.
The firm, which manages invested assets of more than $7 trillion, has seen its shares drop around 6% on Wednesday, recently changing hands at $44.79.
“As digital assets become a more relevant part of the financial system, we are taking a focused client-led approach,” CEO Sergio Ermotti said on the call. “We are building out the core infrastructure and exploring targeted offerings, from crypto access for individual clients to tokenized deposit solutions for corporates.”
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