Zeno Staub, CEO of Swiss private banking and investment management behemothic Vontobel, has revealed that some of the company's wealthy clients have crypto exposure.

Speaking to Bloomberg on Tuesday, Staub stated that Vontobel'due south clients have an involvement in cryptocurrencies.

Co-ordinate to Staub, blockchain technology will have a profound impact on global finance. Equally part of the interview, the Vontobel CEO described the novel tech as the "Logic event of the general trend securitization because information technology is the simply available technology that can create trust without a central counterparty."

Commenting on the bank's crypto offerings for wealthy clients, Staub stated:

"What we offer to our clients is that we've wrapped some cryptocurrencies in a secure, convenient and like shooting fish in a barrel to handle way, and clients appreciate that and allocate part of their wealth to that."

In its half-year financials published on Tuesday, the depository financial institution also reported significant interest for its Bitcoin (BTC) tracker certificate investment production. Co-ordinate to the report, the bank's avails under management grew 11% in the first one-half of 2022, reaching an all-time loftier of 274.5 billion Swiss francs (about $300 billion).

Indeed, as previously reported by Cointelegraph, Vontobel is one of the pro-crypto banks in Switzerland. Dorsum in 2022 and 2022, the banking company was already creating Bitcoin-based investment products.

In January 2022, Vontobel too created a regulated crypto custody production for banks and asset managers.

Related: Many JPMorgan clients see Bitcoin equally an asset class, says senior exec

Staub'southward comments reinforce previous statements past other wealth management firms about the growing appetite for crypto exposure amid their large-money clients.

Such is the extent of this growing interest that investment banks are becoming more incentivized to offering crypto investment products to their rich clients.

Earlier in July, JPMorgan announced plans to provide access to Grayscale'south Bitcoin trust to retail wealth clients.