The Deutsche Börse Group company Crypto Finance AG, which is FINMA-regulated and offers institutional trading, custody, and staking services for digital assets, has named Zürcher Kantonalbank (ZKB) is a partner for crypto asset brokerage services.

Launched on 4 September 2024, Switzerland's cantonal bank introduced a new cryptocurrency service aimed mainly at retail customers and third-party banks.

Clients will be able to trade Bitcoin and Ether using ZKB's current mobile app, eBanking, and other recognised channels due to the partnership between Crypto Finance and ZKB.

A strong foundation for operating in the digital asset market is provided by this new comprehensive digital asset solution.

The effective debut of ZKB's cryptocurrency showcases the increasing integration of digital assets into conventional finance. This advancement indicates that Switzerland is solidifying its status as a preeminent center for financial technology and digital innovation.

Moreover, financial institutions are beginning to realise the enormous potential of cryptocurrency offers in Switzerland and throughout Europe.

Peter Hubli, head of digital asset solutions at ZKB said: “With Crypto Finance, we have an experienced, regulated, and competent partner at our side with long lasting industry expertise, mastering the facets of the crypto business.”

Stijn Vander Straeten, CEO of Crypto Finance AG added: "We are very proud to support Switzerland’s largest Kantonalbank in the launch of their crypto offering. This is a further important milestone for the broad acceptance of crypto in Switzerland. We are excited about the opportunity to collaborate with ZKB.”

Additionally, according to the Crypto Wealth Report 2024 from international wealth and investment migration specialists Henley & Partners, there are currently 172,300 people worldwide holding over $1m in crypto assets, a 95% increase from the previous year. The number of bitcoin millionaires has also increased to 85,400, up 111%.

"Crypto Finance teams up with Zürcher Kantonalbank" was originally created and published by Private Banker International, a GlobalData owned brand.

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