August 4, 2020 Swiss government-backed bank Basler Kantonalbank will now offer cryptoasset trading and custody services.

Basler Kantonalbank, a bank backed by the Swiss government, will reportedly begin offering cryptoasset trading and custody services through its blockchain-focused subsidiary, Bank Cler. The move will make Basler Kantonalbank the country’s first government-backed entity to offer blockchain-related services.