Julius Baer Heads to Dubai in First Expansion of Crypto Ambitions Beyond Switzerland
- Wealth firm sees UAE as a key geography for business
- Bank offers limited crypto-backed lending to select clients
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Julius Baer is expanding its crypto wealth management services in Dubai, marking the firm’s first major digital-assets push beyond the borders of its native Switzerland.
The Swiss private bank’s Middle Eastern subsidiary JBME will apply imminently for “a digital assets license variation” on top of its existing permissions with the Dubai Financial Services Authority, it said in a statement, which would allow the company to arrange and provide advice and custodial services on digital assets like Bitcoin, Ether and other cryptocurrencies.