Switzerland Plays a Leading Role as a Digital Vault: Switzerland plays a leading international role in safekeeping solutions for digital assets, with Swiss banks contributing significantly. Blockchain Custody
When it comes to the safekeeping of digital assets such as cryptocurrencies, tokens, and non-fungible tokens , Switzerland is an international pioneer. Thanks to the clear regulatory framework, increasingly appreciated by professional and institutional investors after the numerous scandals and bankruptcies in the global crypto universe, first-class Swiss companies have established themselves in the market as providers of custody services.
Traditional Swiss financial institutions have rapidly expanded their custody services for digital investment products in recent years and the number of their offerings increase significantly, the study shows. Almost half of the providers surveyed are banks, some of which also offer trading and staking services in addition to custody.
The fact that Switzerland is producing very innovative companies in the field of digital asset custody can also be seen in the acquisitions of foreign companies. With the sale of Crypto Finance to Deutsche Boerse and Metaco to US crypto giant Ripple, the Swiss ecosystem has shown that it's a global leader at the intersection of finance and technology.