A subsidiary of Swiss state bank Basler Kantonalbank plans to launch cryptocurrency custody and trading services next year

According to the Swiss financial news website finews.ch, Natalie Waltmann, a spokesperson for Bank Cler, a subsidiary of the Swiss state-owned bank Basler Kantonalbank, said that it plans to provide cryptocurrency trading and custody services next year and has hired crypto expert Alain Kunz to take charge of its digital assets. people. Bank Cler said that the upcoming cryptocurrency service product is to meet the growing demand for emerging assets from the company’s young customers. This means that Basler Kantonalbank is expected to become the first Swiss state-owned bank to engage in cryptocurrency business.