Swiss Bank Julius Baer Targets Dubai for Expansion of Crypto Wealth Services
The expansion marks the bank's first digital assets push outside Swiss borders....
- Swiss private bank Julius Baer is expanding its crypto services in Dubai, considering it a key geography for digital assets.
- The bank's subsidiary in Dubai, JBME, is expected to apply for a crypto license variation to offer custodial services on digital assets.
- Julius Baer recently started offering Lombard lending to select crypto clients, allowing them to borrow against digital assets held by the bank.
- Dubai has positioned itself as a global crypto hub in the Middle East, with strategic policies and a supportive regulatory environment.
The article highlights the expansion of Julius Baer's crypto services in Dubai, indicating a positive sentiment towards the growth of the crypto industry in the region.