UBS weighing crypto trading for private banking clients: Report

The world’s largest planetary wealthiness manager, UBS, is reportedly exploring a determination to unfastened crypto trading to its wealthiest clients. 

Bloomberg reported Friday, citing a idiosyncratic acquainted with the matter, that the Swiss banking elephantine aims to fto prime backstage banking clients successful Switzerland commercialized Bitcoin (BTC) and Ether (ETH) first, with a imaginable rollout to the Asia‑Pacific portion and the United States later.

The idiosyncratic besides reportedly said that UBS was presently selecting partners for its crypto offering, though the slope has not publically confirmed the details.

UBS already runs tokenization pilots specified arsenic the uMINT tokenized US dollar wealth marketplace money connected Ethereum and a Swift-UBS-Chainlink tokenized money colony trial, experimenting with putting accepted money products connected blockchain rails adjacent earlier considering offering spot crypto trading.

UBS has besides deepened its blockchain propulsion connected the payments side, teaming up with Ant International to proceedings tokenized deposits for real-time cross-border treasury flows utilizing its UBS Digital Cash level successful Singapore. 

The aviator aims to fto Ant determination liquidity crossed its Alipay+ ecosystem successful minutes alternatively of days by putting slope deposit claims connected permissioned ledgers, positioning tokenized slope wealth arsenic a imaginable replacement for legacy, cutoff‑bound analogous banking rails.

Related: Bank of America lets wealthiness advisers urge Bitcoin ETFs

Wall Street’s past holdouts travel suit

The Swiss radical would beryllium pursuing US banking elephantine JPMorgan, which is exploring crypto trading for organization clients and already uses its JPM Coin system for onchain wholesale payments and collateral, and plus absorption behemoths BlackRock and Fidelity, which person go starring issuers of spot Bitcoin and Ether ETFs. 

Vanguard, agelong 1 of Wall Street’s astir vocal crypto skeptics, efficaciously became 1 of the past large holdouts to fold erstwhile it reversed its hardline stance successful December 2025 and allowed clients to commercialized crypto ETFs connected its platform.

UBS oversaw immoderate $4.7 trillion successful wealthiness assets arsenic of September 2025. If it moves up with crypto trading, the slope would unfastened a new, in‑house on‑ramp for ultra‑high‑net‑worth portfolios.

Cointelegraph reached retired to UBS for remark connected the reported backstage banking crypto trading plans, but had not received a effect by publication.

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