The Zurich-based firm would join the likes of JPMorgan and Morgan Stanley, which have both opened up access to crypto for clients in recent years. “We have seen that more brokerage firms in the US are opening up crypto access,” said Aniket Ullal, head of ETF research and analytics at CFRA. The move marks a divergence from UBS’s digital assets initiative, which has previously focused on a tokenized money market fund on the Ethereum blockchain and a blockchain-based payment system. Bank of America, which earlier this month said that it will give institutional clients access to bitcoin. JPMorgan, which became the first major banking institution to offer its retail clients access to bitcoin in 2021 and launched its own digital currency, JPM Coin, in 2019.