Gazprombank (Switzerland) Ltd, the Swiss enrolled bank that is completely owned by Russia-based Gazprombank (JSC) has declared that it has gotten approval to bring to the table cryptographic money accounts.
The Zurich-based bank, which is directed by the Swiss Financial Market Supervisory Authority (FINMA), offers all customary corporate financial administrations in Switzerland and abroad.
The Swiss bank reported that it had been approved by FINMA to bring to the table digital currency records to corporate and institutional customers.
The bank’s official statement said that notwithstanding conventional financial items/administrations, it is presently ready to offer its corporate and institutional customers the sheltered care of digital currencies just as exchanging among crypto and fiat monetary forms.
These new administrations of Gazprombank will be given to a predetermined number of chosen customers and the main digital currency upheld will be Bitcoin. Afterward, Gazprombank will grow the contribution to incorporate extra digital currencies and different items and administrations.
Roman Abdulin, the bank’s CEO, had this to state:
“We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele. Being committed to continuous financial innovation, we strive to offer our clients advanced banking services at the highest level of quality.
“Our blockchain solution provides uncompromising security as well as ease of use. We are very pleased to able to offer these services to our clients after years of professional development using top industry know-how. The authorization by the Swiss regulator FINMA marks a very important milestone for Gazprombank.”
“The clients get access to cryptocurrency liquidity, while the safekeeping of the cryptocurrencies is taken care of by a Swiss regulated bank. Furthermore, the counterparty risk is limited,” the announcement outlines, detailing the benefits of the new crypto offering, adding:
“We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele.”