UBS explores crypto access for individual clients

UBS plans to offer crypto access to individual clients, focusing on a gradual, compliant rollout as demand for digital assets grows.

UBS Group AG, managing nearly $7 trillion in assets, is exploring cryptocurrency access for individual clients, including both retail and affluent investors. The bank is developing digital infrastructure to support services such as crypto access for individuals and tokenized deposit solutions for corporate clients. UBS is adopting a 'fast follower' strategy, aiming to complement its existing offerings while ensuring responsible integration of digital assets. The expansion into digital services is expected to unfold gradually over the next three to five years, with a strong focus on risk management and regulatory compliance. Additionally, UBS is assessing potential partners for a digital asset platform, signaling a shift from its traditionally cautious approach as client demand for crypto exposure grows. This move reflects a broader trend among major banks increasingly exploring digital asset services.