At the just concluded Blockchain Africa Conference 2020, Investec Private Bank, a leading South African private bank, has announced that it will soon be offering blockchain custodial services of digital assets to its clients.
Speaking at the conference, Chris Becker, Blockchain Lead, Investec Private Bank, said:
“Our blockchain team has been extremely busy over the last 3 years building the right products that one would expect from an innovative bank like ours, but products that would be most utilized and make the most sense.
We believe offering custodial services of digital assets for our clients is indeed what makes the most sense.”
While the blockchain product launch was not announced, and the product announcement video is unvailable due to intellectual property violations, it is clear the bank is looking to push it across both traditional and more tech-savvy investors interested in new asset classes and investment options.
NB: BitcoinKE has reached out to Chris Becker for updates on the product and we shall update you once we receive feedback.