LGT Bank, owned by the Liechtenstein princely family, has been offering direct investments in bitcoin and ether since May, the bank said in a statement.

The bank entered into a partnership with the Swiss bank SEBA, which will act as a broker and custodian for this service.

It is noted that for clients, the same procedures and processes for direct investments in cryptocurrencies through LGT are applied as for traditional assets: they receive the same documentation for their tax returns, and when sold, the money can be easily accessed.

Cryptocurrency services will only be available to clients from Liechtenstein and Switzerland for the time being, the bank is working on expanding the offer.