Private banks hold a range of opinions on cryptocurrency, from those that think cryptocurrencies are the future, to those that dismiss them as uninvestable. Take for example, Julius Baer. In July, the Swiss pure play announced the expansion of its crypto services to Dubai. The bank will apply for a “digital assets licence variation” to supplement its existing regulatory permission […]

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Two years ago, Eugene Lim jumped from private banking to work at Web3 firm Matrixport. He explained to Asian Private Banker why his passion for product innovation drove him to follow this path. When the founders of Matrixport first shared their ambition to be “the private bank for [the] new asset class” with Lim, who was still a senior relationship […]

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Matrixport has set its sights on becoming the leading crypto platform for private bank clients in Asia-Pacific, brushing off concerns over a recent meltdown in the sector. The industry has been rocked in recent weeks by the bankruptcy of FTX, one of the biggest crypto currency exchanges. But that has not put off Matrixport. The company was established in 2019 […]

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HNWIs in Asia retain a high degree of interest in digital assets despite recent setbacks in the sector, including a plunge in the price of crypto coins and the collapse of the FTX exchange, according to a new study. Four out of five HNWIs and family offices who responded to a survey about attitudes and investment strategies to digital assets […]

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The combination of Hong Kong’s conservative stance toward regulating crypto assets and mainland China’s newly-introduced ban on cryptocurrency has raised questions over the city’s attractiveness to firms that trade in these securities. Julia Leung, deputy CEO and executive director, intermediaries, at the Securities and Futures Commission (SFC), described the shift of crypto assets into mainstream financial markets as a “metamorphosis” […]

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