UBS Group AG is exploring ways to offer bitcoin and crypto access to individual clients, CEO Sergio Ermotti said during the bank’s earnings call on Wednesday.

Ermotti said the Zurich-based lender is building the core infrastructure needed for digital-asset services while evaluating targeted products, ranging from crypto access for wealthy clients to tokenized deposit solutions for corporate customers.

“We are building out the core infrastructure and exploring targeted offerings from crypto access for individual clients to tokenized deposit solutions for corporates,” Ermotti said.

The UBS chief stressed the bank does not plan to be a first mover in blockchain-based…

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