In order to significantly simplify access to crypto assets for its customers, the private bank Bordier has entered into an alliance with Sygnum Bank. This has proven itself several times in the past as an expert in the field of digital assets.
As far as crypto adaptation is concerned, our neighboring country Switzerland is certainly one of the more progressive countries in Europe
This is also proven by a new cooperation that the Swiss private bank Bordier & Cie initiated together with the Sygnum Bank. Together, they enable customers to buy crypto assets, as the private bank announces on its website .
Bordier’s clientele is now able to buy, hold and trade Bitcoin Up, Ethereum, Bitcoin Cash and Tezos. Using the Sygnum suite, which specializes in crypto values, it is therefore easy to build up a diversified investment. Border & Cie is responding to the wishes of its customers who want to benefit from the potential of new investment products. According to the announcement, Sygnum was able to demonstrate the functionality of the new B2B platform within less than 60 days. That includes not only the digital asset solution including the technical infrastructure, but also compliance-as-a-service, research and sales training as well as access to a wide range of digital asset products.
Evrard Bordier, managing partner of SCmA at Bordier & Cie, says:
We have seen increasing customer demand for diversification into alternative asset classes such as digital assets. Through the partnership with Sygnum Bank, we offer our customers an integrated solution from a single source and enable them to invest in this new, high-growth asset class with confidence.
Sygnum Bank already has a Swiss banking license
Bordier Bank sees itself as a pioneer when it comes to establishing the lack of correlation between cryptocurrencies and the mainstream financial market, which is currently still very much expandable. Bordier explicitly describes crypto investments as a „powerful tool to improve diversification and achieve superior risk-adjusted returns.“
Bordier & Cie will be responsible for the safekeeping of the private keys for the cryptocurrencies. Likewise for the selection of liquidity providers, anti-money laundering procedures and transaction monitoring. The Swiss branch of Sygnum has a banking license in the country. The Singapore branch also has a license for capital market services. The Sygnum Bank has made a name for itself several times in the past in the digital investment product market. For example, tokenized assets such as real estate or art are also part of the product portfolio. In addition, Sygnum even launched its own stablecoin last year. The “Sygnum Digital Swiss Franc” (DCHF) is linked to the Swiss franc (CHF) at a ratio of 1: 1.