CEO of Swiss Vontobel with AUM of $300B confirms that clients like to allocate part of their wealth to cryptocurrencies

Vontobel Bank CEO was a guest at Bloomberg TV today, where he revealed that their clients like to invest in digital assets, but also why they believe in Blockchain technology.

Right at the beginning of the interview about digital assets, Zeno Staub confirmed that clients are interested in cryptocurrencies with the words "Clients have an interest in crypto,". However, according to him, this is not the most important, because according to him, it is the technology itself, ie Blockchain.

We believe that the underlying technology is actually more important than certain times of applications, we believe the underlying blockchain technology is the logical consequence of the general trend of securitization, because it’s the only available technology that can create trust without a central counterparty. Zeno Staub

According to Zeno S., Blockchain technology is very important, especially in the field of securitization. Vontobel Bank CEO justified this by saying that Blockchain is currently the only available technology that can build trust without a central counterparty.

Regarding how the Swiss bank Vontobel prepared itself for the demand for cryptocurrency investments, the CEO said that what they offer is a secure, convenient and easy way.

Zeno Staub concluded by adding that clients appreciate that they can allocate part of their wealth to cryptocurrencies.