CaixaBank rolls out crypto investment services

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The bank is enabling cryptocurrency investment through two Exchange Traded Products, through investment vehicles managed by Invesco and Wisdom Tree. The two ETPs are listed on several European exchanges, allowing real-time transactions via Swissquote Bank and Coinbase Custody Trust Company.

CaixaBank will not provide advice or personal recommentations to customers on the inherently volatile financial instruments. Instead, it will make them available for customers to trade on their own through the bank’s own banking app.

The Spanish bank has been active in exploring alternative payment methods beyond pure fiat. It recently announced its participation, along with eight other major European banks, in an international consortium to create a euro-linked stablecoin based on blockchain technology.

It is also collaborating with the European Central Bank (ECB) on the future launch of the digital euro. CaixaBank was the only bank selected to participate in the initiative and co-developed, with the European Central Bank, a prototype P2P payment wallet using the digital euro.

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