UBS Group has been said to be exploring possibilities to offer crypto investment to clients.
This is contrary to the position of the company’s chairman on cryptocurrency in 2017 when he bashed them.
UBS Group AG has revealed it’s exploring the possibility of offering crypto investment to its wealthy clients following the recent spike in demand. According to the report, volatility concerns may force the bank to offer a small portion of the clients total wealth. Other options which include investment through third-party vehicles would be considered as disclosed by an unidentified source in the company.
UBS Group AG, with $1.1 trillion of invested assets, plans to offer its wealthy clients exposure to #bitcoin
— Documenting Bitcoin 📄 (@DocumentingBTC) May 10, 2021
As claimed by the report, UBS is monitoring the development of digital assets. However, their major focus is on the underlying technology.
Importantly, we are most interested in the technology which underpins d
