Share this article
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Jun 29, 2023, 3:13 p.m.
Make us preferred on Google
Swiss private bank Julius Baer (BAER) is expanding its crypto services to Dubai, Bloomberg reported on Wednesday.
The Zurich-based bank will apply for a "digital assets license variation" to supplement its existing regulatory permissions in the emirate.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
An expansion would be Julius Baer's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Dubai has attracted several major crypto firms during the past year, including exchanges Binance and OKX. The establishment of its Virtual Asset Regulatory Authority (VARA) has helped make the jurisdiction an attractive alternative to countries like the U.S., where there is less regulatory clarity.
Julius Baer did not immediately respond to CoinDesk's request for comment.
Read More: Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial Power
Más para ti
Más para ti
Wall Street giant Apollo deepens crypto push with Morpho token deal
The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said.
Lo que debes saber:
- Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
- The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
- The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.
Top Stories
