PostFinance taps Sygnum to offer regulated digital asset banking services
“Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed.”
Swiss retail bank PostFinance has partnered with Sygnum to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform.
The move aims to address customers’ requests for digital investment services. By tapping Sygnum’s B2B banking platform, PostFinance will seamlessly integrate this new offering into its existing infrastructure from the outset.
The regulated B2B banking platform enables PostFinance to provide flexible and efficient access to a range of cryptocurrencies, as well as introduce new revenue-generating services on an ongoing basis, such as staking.
Sygnum is a fully regulated digital asset specialist with a Swiss banking license, which makes it one of the few banks in the world that can provide a secure bridge between traditional finance and digital assets.
Philipp Merkt, Chief Investment Officer of PostFinance Ltd, said: “Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank. A reputable and established partner like Sygnum Bank with an excellent service offering is more important than ever.”
Fritz Jost, Chief B2B Officer at Sygnum Bank, commented: “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed. We are pleased to empower PostFinance to deliver institutional-grade digital asset services to their customers. We are committed to continuously drive further innovation and positive change for the industry and our partner banks’ customers.”
Portugal-based Bison Digital Assets is powered by Sygnum Bank
Earlier this year, Bison Digital Assets partnered with Sygnum Bank in order to leverage its B2B platform to power end-clients to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ether (ETH).
Bison Bank’s crypto subsidiary is the first ‘Virtual Asset Service Provider’ (VASP) in Portugal that is fully owned by a bank. It received approval from the Portuguese regulator, Banco de Portugal. It is also one of the few in Europe.
The Hong Kong-headquartered bank leverages the Portugal-based crypto entity, Bison Digital Assets, to securely hold customer digital assets and create a regulated bridge between the traditional and crypto finance worlds.
The partnership with Sygnum is part of its strategic goal to deliver best-in-class services to crypto activated investors, institutions and High Net Worth Individual (HNWI) clients.
The B2B platform enables the capture of more Share-of-Wallet from existing customers along with additional market share via access to the global crypto market, the firm explained.
Sygnum’s B2B banking platform already enables 15 partners to create a regulated digital asset footprint under their own brand and retain full control of their client relationships.