UBS to Build Digital-Asset Infrastructure, Eyes Bitcoin Services for Individuals

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UBS to Build Digital-Asset Infrastructure, Eyes Bitcoin Services for Individuals

UBS Group AG is exploring ways to offer bitcoin and crypto access to individual clients, CEO Sergio Ermotti said during the bank’s earnings call on Wednesday.

Ermotti said the Zurich-based lender is building the core infrastructure needed for digital-asset services while evaluating targeted products, ranging from crypto access for wealthy clients to tokenized deposit solutions for corporate customers.

“We are building out the core infrastructure and exploring targeted offerings from crypto access for individual clients to tokenized deposit solutions for corporates,” Ermotti said.

The UBS chief stressed the bank does not plan to be a first mover in blockchain-based technology. 

Instead, UBS is pursuing what Ermotti described as a “fast follower” strategy in tokenized assets, with expansion expected to unfold over the next three to five years alongside its traditional banking business.

It was reported last month that UBS is in the process of selecting partners for a crypto offering aimed at some of its high-net-worth clients, marking a shift for a bank that has historically taken a cautious stance on virtual tokens.

Like many global lenders, UBS has so far focused its digital-asset work on blockchain infrastructure for tokenized funds and payments. 

Banks have generally moved slowly into areas like crypto trading, in part due to stricter capital requirements under the Basel III framework.

Other European banks like UBS exploring bitcoin

Other banks are also starting to embrace bitcoin and crypto offerings. DZ Bank recently secured MiCAR approval and will roll out its “meinKrypto” platform across cooperative banks, allowing customers to trade and custody Bitcoin and other digital assets directly within existing banking apps, while also joining a consortium developing a regulated euro stablecoin. 

Also, the Sparkassen-Finanzgruppe plans to launch Bitcoin and crypto trading for private customers by the summer of 2026, with technical support from DekaBank, marking a reversal from its earlier skepticism toward digital assets and crypto. 

Also earlier this week, ING Deutschland, one of Germany’s largest retail banks, said they will began offering retail clients access to cryptocurrency-linked exchange-traded notes (ETNs) and products, allowing customers to gain exposure to bitcoin and other crypto directly through their existing securities accounts.

According to information published on ING’s website, the products are physically backed exchange-traded instruments issued by established asset managers including the likes of 21Shares, Bitwise, and VanEck. 

This post UBS to Build Digital-Asset Infrastructure, Eyes Bitcoin Services for Individuals first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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