Share this article
This Liechtenstein Bank Can Now Custody Crypto
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
Updated May 9, 2023, 3:09 a.m. Published Jun 12, 2020, 5:33 p.m.
Mason Privatbank Liechtenstein AG has become the latest private bank to offer digital asset custody through a partnership with Hong Kong-based Hex Trust.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Liechtenstein bank has high-net-worth clients across Asia and Europe that have an interest in investing in digital assets such as cryptocurrencies, stablecoins and security tokens, said Chief Markets Officer Hubert Buechel. As such, the bank has chosen to adopt Hex Trust’s least invasive level of integration, because of how few trades the bank’s clients are interested in making.
“We don’t have any day traders in our client base,” Buechel said. In the future, the bank may connect with Hex Trust through a SWIFT integration or allow the trust company to build application programming interfaces (APIs) that connect directly to the bank’s core.
Read more: Liechtenstein Bank Opens Up Cryptocurrency Investment for Clients
Buechel came to the bank last July from a multi-year stint at Bank Frick, a Liechtenstein-based family bank that became one of the first banks in the world to allow clients to directly invest in cryptocurrencies. Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios, Buechel added.
Hex Trust will also connect the bank’s clients to third-party providers who can provide crypto lending, staking, borrowing and trading. With the bank’s parent company, Mason Financial Holdings, based in Hong Kong, this will be the first bank that has an Asian presence that Hex Trust is working with, said Hex Trust CEO Alessio Quaglini.
“Our goal is to create interconnectivity between the traditional asset world and the digital asset ecosystem,” Quaglini said.
Read more: R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens
In the back half of 2020, Hex Trust plans to further expand its reach through Europe with an office in Italy and Germany.
Hex Trust also holds a trust or company service provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance in Hong Kong. The custodian is entering the Monetary Authority of Singapore sandbox and applying for the capital markets custody license in Singapore.
It’s also been provisionally authorized by Germany’s Financial Supervisory Authority (BaFin) to provide crypto custody services and is applying for the crypto custody license in Germany as well.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy
The new governance token targets a roughly 7% annual yield funded by income from Strategy’s bitcoin-linked preferred stock.
What to know:
- Buck Labs has launched the Buck crypto token, designed as a yield-bearing savings coin for users seeking returns on dollar-denominated crypto holdings.
- The token is backed by Strategy shares and offers rewards targeted at around 7% annually, with returns accruing minute-by-minute.
- Buck is structured as a governance token, allowing holders to vote on reward distribution, and is initially intended for non-U.S. users.
Top Stories
