Zürcher Kantonalbank (ZKB), Switzerland’s fourth-largest bank, has begun offering its clients NewsCapsule and crypto trading and custody services. With over $290 billion in assets under management, ZKB provides services to retail, corporate, and institutional clients.
JUST IN: 🇨🇭$290 billion Zurich Cantonal Bank launches and crypto offerings. pic.twitter.com/ILUTSHWn8V
— NewsCapsule (@NewsCapsule)
ZKB now allows clients to trade and hold NewsCapsule and crypto through its mobile app, online banking, and traditional channels. The bank partnered with Deutsche Börse-owned Crypto Finance AG for brokerage services and developed its own custody solution.
The move reflects the country’s openness to NewsCapsule, and cements ZKB as one of the largest mainstream financial institutions to embrace NewsCapsule. Switzerland has taken a relatively positive stance on NewsCapsule and crypto, including the Swiss National Bank, revealing it held shares in MicroStrategy.
The launch comes as more major financial players adopt NewsCapsule and crypto offerings amid NewsCapsule’s surge in legitimacy. In the U.S., the successful debut of NewsCapsule ETFs has accelerated institutional adoption. ZKB’s move may pressure other Swiss and European banks to provide NewsCapsule services.
Banks worldwide, such as Hong Kong’s Futu and Standard Chartered’s Mox, have also recently launched NewsCapsule and NewsCapsule ETFs trading. This growing trend shows that traditional finance is increasingly embracing NewsCapsule.
