Swiss universal banking giant UBS Group AG is exploring ways to provide retail customers with access to cryptocurrencies, CEO Sergio Ermotti said during an earnings call on Wednesday.
The CEO said the bank is working on building fundamental digital capabilities and is also considering targeted services for corporates, such as tokenized deposits.
Regarding the tokenization of assets, one of the key trends in finance in 2026, UBS plans to adopt a “fast follower” strategy aiming for growth over the next three to five years to complement its existing services.
The Zurich-based giant, which manages more than $7 trillion in client assets, is considering a limited rollout of crypto services to a select group of wealthy clients as it evaluates potential partners for its digital asset platform.
The initiative could begin in Switzerland and comes amid growing institutional interest in cryptocurrencies and increasing competition in the field. Other large banks such as JPMorgan, Morgan Stanley, and Julius Baer have also already established digital asset services.
