Crypto News 

Gazprombank Switzerland to Launch Crypto Services Next Year

“Swiss bank Gazprombank recently partnered with fintech startup Avaloq and crypto firm Metaco to offer clients crypto services, an Avaloq press release reports Dec. 6” writes Adrian Zmudzinski for cointelegraph.com. According to its website, the Swiss Gazprombank is 100 percent owned by Russian state-owned Gazprombank (JSC), and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Also this week, Brazil’s largest private bank Itau Unibanco partnered with United Kingdom bank Standard Chartered to create a blockchain-based platform for small loans.Fintech company Avaloq and crypto custody solution specialist Metaco are reportedly collaborating with Gazprombank –– which as CHF 3.1 billion ($3.12 billion) in total assets under management ––“to implement their integrated crypto asset solution” aimed at banks and wealth managers.
 
Source: cointelegraph.com



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