LGT, World’s Largest Family-Owned Private Bank, to Offer Crypto

LGT Bank, the financial institution owned by the princely House of Liechtenstein, is working with Switzerland’s SEBA Bank on the service.

AccessTimeIconMay 4, 2022 at 9:10 a.m. UTC
Updated May 11, 2023 at 5:43 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

LGT Bank, the financial institution owned by the princely House of Liechtenstein and part of the largest family-owned banking group in the world, is offering cryptocurrency custody and brokerage services to private clients, starting in Switzerland and Liechtenstein.

Swiss-regulated digital asset services provider SEBA Bank will provide the crypto services to LGT’s private banking and asset management group, which holds $285 billion (280 billion in Swiss francs) in assets under management.

Responding to growing demand among its wealthy clientele, LGT will initially offer investment services for bitcoin (BTC) and ether (ETH). The bank is in discussions to add more coins as well as staking and yield earning possibilities, according to Mathias Schütz, SEBA’s head of client and tech solutions.

“LGT is starting with their booking center in Liechtenstein for clients that are located in Liechtenstein and Switzerland,” Schütz said in an interview. “This will see further expansion over the next couple of months.”

In addition to Switzerland, SEBA Bank is active in Singapore, where LGT also has a booking center and a significant footprint, having acquired ABN AMRO Asia’s private banking operations in Asia and the Middle East in 2016.

“LGT is also seeing demand from relationship managers to expand the offering to Singapore and other locations,” Schütz said. “For instance, they have a representative office in the UAE (United Arab Emirates), in Dubai. So they also want to bring those locations into the play.”

UPDATE (May 4, 9:31 UTC): Changes featured image to Liechtenstein from Switzerland.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Ian Allison

Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.