Digital assets are becoming increasingly mainstream investment options in private banking accounts. An estimated 300 million people worldwide now own digital assets as their adoption grows.
Meanwhile, the world's high-net-worth population possessing over $1 million excluding primary residence continues to expand rapidly too.
As this affluent demographic sees their wealth accumulate in both traditional and digital forms, having sophisticated strategies to manage diverse financial holdings is paramount.
Private banking services provide the tailored solutions and expertise required to effectively oversee multi-faceted asset portfolios.
This article explores what is private banking and how private banks now integrate support for digital currencies and tokens into their specialized services.
Readers will learn how to open a private banking account and the key benefits private banking offers for purchasing, monitoring and growing holdings of digital assets alongside more traditional investments under one secure, regulated platform.
How to Buy Digital Assets With Private Banking?
One of the primary reasons people turn to private banking is for investment guidance and access to opportunities.
Many top private banks like Jetonbank now allow clients to buy and hold certain digital assets directly through digital banking accounts. This provides a regulated platform for purchasing digital assets, tokens and other digital investments.
When buying through a private banking relationship, expect the same high standards of know-your-customer (KYC) verification processes as with traditional assets. Digital transactions will also have the same level of security and insurance coverage as the rest of your holdings.
Purchases can be made on a scheduled basis or on-demand depending on market conditions and your investment strategy.
How Do You Manage Digital Assets with Private Banking?
Once you own digital assets, effective management is important. Advanced private banking services provide oversight and reporting tools to help monitor volatile digital asset markets.
At Jetonbank, clients have real-time access to portfolio performance updates including specific token/coin price changes. Automated tax reporting also eases compliance requirements for capital gains.
Digital asset management through corporate banking centralizes record keeping in one secure, regulated platform. This consolidated view improves visibility versus holding tokens across multiple exchanges or personal wallets.
Custody and storage risks are also mitigated through the bank's institutional-grade vaults.
What are the Steps to Manage Digital Assets in Private Banking?
Managing digital assets with private banking follows a structured process:
- Opening a private banking account. Complete standard KYC and onboarding procedures to access the digital investment program.
- Fund your account. Transfer money from your holdings. Add new funds to invest.
- Conduct thorough research. Collaborate with the bank's analysts to gather insights on coins/tokens before making investment decisions.
- Sell digital assets. Place orders conveniently through your online banking portal or with a representative.
- Track your portfolio. Stay updated with automated performance updates and market intelligence on private banking portals.
- Centralized reporting. Access tax. Consolidated reports for both traditional assets in one convenient location.
- Seek expert guidance. Benefit from the knowledge and advice of our in house blockchain specialists, for technical support.
How to Do Digital Asset Management with a Private Banking Account?
For high-touch service, consider a private offshore account for digital asset management. They offer regulatory clarity around digital asset investing through licensed digital banking like Jetonbank.
Offshore private banking provides additional benefits like asset protection through stringent privacy laws. Digital holdings are safely segregated from any legal risks in less digital asset-friendly home countries.
Wealth managers have experience navigating tax and compliance issues across international borders as well.
Account minimums are higher for offshore services but gain you a dedicated relationship manager. Experts actively monitor your portfolio and are available by phone, email or scheduled meetings to discuss strategy.
Automated reports and customized dashboards give thorough, real-time oversight of global digital and traditional holdings from a single access point.
Best Digital Bank to Do Digital Asset Management
When selecting the best digital bank for private asset management, consider one with a proven track record in digital assets like Jetonbank.
As the first regulated Swiss bank, they have deep experience building secure, regulated infrastructure for digital currencies.
Jetonbank provides a fully integrated the best offshore digital bank experience with dedicated digital asset trading, storage and reporting functions.
But for maximum oversight and service from wealth advisors, a full-scale private bank like Jetonbank remains the gold standard in private banking vs wealth management.
How to Open an Online Private Banking Account?
To open a private banking account the process is quite simple, at many financial institutions;
- Go to the bank's website. Click on the "Open Account" option.
- Provide information for Know Your Customer (KYC) purposes, such as your address, identification documents and details about your source of wealth.
- Deposit funds into the account. The minimum amount required may vary depending on the services you need ranging from $100,000 to $1 million.
- Choose your currency (USD, EUR, etc.). Select the type of account you want (savings, checking, etc.).
- Designate. Electronically sign any documentation.
- Verify your identity remotely through a video call with a representative.
- Once your account is open you can start using the banking portal to access investment products and receive support from advisors.
- Consider looking for banks that offer onboarding like Jetonbank for added convenience.
- Once you have successfully opened an account there you'll have 24/7 access to managers, advanced trading tools and consolidated portfolio reporting from your laptop or mobile device.
As I approach retirement, managing my assets has become increasingly complex. Between real estate investments, my stock portfolio, and now ventures into digital assets, I feel pulled in a dozen directions trying to oversee it all.
When I heard about the best private banking Jetonbank and their strategy of embracing both traditional and digital assets, it was such a relief.
To have one private partner who can see the big picture of my goals and manage everything on one secure platform - it will make what's left of my career so much less stressful.
Their specialists really took the time to understand my situation and tailor their services accordingly.
After 15 years of self-management, we’re excited to hand over the reins to professionals that you can trust with not just your money, but your future. Jetonbank gives you the confidence that your portfolio is in good hands no matter what changes may come.
