UBS Plans to Offer Crypto Trading for Some Wealthy Clients

UBS Group AG plans to make cryptocurrency investing available for some private banking clients, in what could become a significant move into digital assets for one of the world’s largest wealth managers.

The Swiss banking giant, which oversaw some $4.7 trillion in wealth assets as of Sept. 30, is in the process of selecting partners for a crypto offering, people with knowledge of the matter said. Discussions have been ongoing for several months and UBS hasn’t made a final decision on how to proceed, they said, asking not to be named as the deliberations are private.