According to reports, Vontobel is the third largest financial services provider in Switzerland. Its assets are valued at around 110.3 billion Swiss francs. The institution claims that it is the first bank in the world that meets the requirements of industry regulators and financial intermediaries. The new tool, called the "Digital Asset Vault", allows banks and asset managers to offer customers a range of services related to the cryptographic sector. As announced, the principles of Digital Asset Vault are the same as in traditional asset classes, in line with the principles of banking. In order to protect the digital resources of the users, the bank combines the technology of the hardware security modules (HSM) and its own banking infrastructure.
According to reports, the bank has already been pro-crypto, offering clients loans dedicated to investing in cryptocurrencies. In 2017. local media reported that the Bitcoin Vontobel certificate was the most-sold product on the largest European stock exchange - SIX Swiss Exchange.
Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market is trading close to the technical support at the level of $3,452 after a failure to break through the technical resistance at the level of $3,667. Any violation of this support at the level of $3,452 will open the road towards the next technical support at the level of $3,223, so it is worth to keep an eye on the incoming developments at the market.
