Julius Baer to Expand Crypto Ambitions With Dubai License

Julius Baer is expanding its crypto wealth management services in Dubai, marking the firm’s first major digital-assets push beyond the borders of its native Switzerland.

The Swiss private bank’s Middle Eastern subsidiary JBME will apply imminently for “a digital assets license variation” on top of its existing permissions with the Dubai Financial Services Authority, it said in a statement, which would allow the company to arrange and provide advice and custodial services on digital assets like Bitcoin, Ether and other cryptocurrencies.

Julius Baer views the United Arab Emirates as a “key geography,” the bank’s head of digital assets development ...