XBTO and Arab Bank Switzerland have partnered to launch a Bitcoin yield product, aiming to provide clients with a way to gain returns on Bitcoin assets without selling them, bridging traditional banking services and blockchain innovation.
This Bitcoin yield product, 'Diamond Hands,' created by XBTO International and Arab Bank Switzerland, targets the Swiss bank's wealth management clients, offering a secure method to generate income from Bitcoin assets.
Romain Braud, the Head of Digital Assets at Arab Bank Switzerland, highlighted the increasing demand from clients to earn returns on Bitcoin assets, leading to the creation of the 'Diamond Hands' strategy in response to the growing interest in Bitcoin as part of financial strategies.
The partnership symbolizes a significant shift for banking institutions towards cryptocurrencies, showcasing an interest in integrating digital assets for clients to diversify portfolios and earn more, ultimately shaping the future of cryptocurrencies in mainstream investments.