Bison Bank launches Portugal-licensed crypto platform, Bison Digital Assets
“Bison Digital Assets will bring together Bison Bank’s efforts of bringing cutting-edge financial services to customers. Our commitment is to lead the way in innovation for the banking industry in Portugal and most importantly the world. We’re effectively building the perfect bridge between traditional and digital finance.”
Portugal now has a virtual asset services provider held by a bank operating in the jurisdiction. Licensed by Banco de Portugal, Bison Digital Assets is the crypto subsidiary of Bison Bank.
Bison Bank is a European based bank fully held by private Chinese capital from Hong Kong, focused on providing a wide and specialized range of Wealth Management, Depositary & Custody and Investment Banking services to Individuals and Institutional Clients.
Deposit, trade, withdraw. Assets held at 1:1. Portuguese license provides EU passport
Bison Digital Assets aims to be a bridge between cash equivalents and digital assets, making it easier for customers to navigate the world of digital assets. The platform plans to enable on-chain deposits and withdrawals.
For now, users can deposit, trade, withdraw, or even chose to Custody digital assets, with rapid access to fast settlement for EUR, USD, GBP, and RMB via Bison Bank.
Bison Digital Assets offers access to several liquidity providers for best price execution and its pricing intends to be transparent without hidden fees. The banking practices will play a determinant role: all assets will be held 1:1 and all operations shall be dully registered.
Custody Services will have multi-layered architecture and will enable clients to tap into deep on-demand liquidity on other licensed platforms while safe under custody.
António Henriques, Chief Executive Officer at Bison Digital Assets, commented: “Bison Digital Assets will bring together Bison Bank’s efforts of bringing cutting-edge financial services to customers. Our commitment is to lead the way in innovation for the banking industry in Portugal and most importantly the world. We’re effectively building the perfect bridge between traditional and digital finance.”
There’s another crypto platform BISON, owned by Boerse Stuttgart Group
Bison Digital Assets must not be confused with BISON, the crypto trading platform powered by Boerse Stuttgart Group. At the helm of the BISON app project is Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart Group and CEO of BISON. The app ensures customers’ assets are held 1:1 on a fiduciary basis at blocknox GmbH in Germany, a regulated subsidiary of Boerse Stuttgart Group.
Launched in the beginning of 2019, the BISON platform offers, among other things, a comprehensive security concept including insurance against hacker attacks, theft, and technical loss. BISON already caters to over 700,000 active users which are offered a variety of useful features, including limit orders, where users can set a price to buy or sell a particular cryptocurrency.
BISON makes its profit from the spreads between the buying and selling prices displayed, which typically amounts to 0.75 percent per transaction. Users are not charged any other costs or fees, such as those for custody or the deposit and withdrawal of cryptocurrencies.
