BBVA launches trading and custody of bitcoin in Switzerland
Starting in January 2021, BBVA’s unit in Switzerland will progressively launch a new service for the trading and custody of digital assets. BBVA has spent over five years exploring blockchain technology in very different areas – from international payments, trade finance to capital markets. The evolution of blockchain technology, together with the growing demand for cryptocurrency services, have helped BBVA find the right moment to explore its first solution related to the management of digital assets.
“Digital assets have enormous potential to transform the way value and information are exchanged through blockchain technology. Financial institutions, in collaboration with supervisors, can play a relevant role in the integration of digital assets in current markets and infrastructures,” said Alicia Pertusa, Head of Client Solutions Strategy at BBVA.