Switzerland: PostFinance and Sygnum Bank, a Digital Asset Bank, to Offer Cryptocurrencies

PostFinance, one of Switzerland’s major financial institutions and largest retail banks, partners with Sygnum, which claims to be one of the world’s first digital asset banks, “to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform.”

PostFinance‘s partnership with Sygnum Bank “enables the launch and ongoing expansion of regulated, bank-grade digital asset products and services for its customers.”

PostFinance‘s customers will be able “to buy, store and sell leading cryptocurrencies such as Bitcoin and Ethereum.

Sygnum’s B2B offering empowers partner banks “with a fast, cost-efficient market entry with innovative, regulated and compliant products.”

PostFinance has “analyzed its customers’ investment needs and uncovered a strong demand for digital investment services.” By leveraging Sygnum’s B2B banking platform, PostFinance will seamlessly “integrate this new offering into its existing infrastructure from the outset.”

Sygnum’s fully regulated B2B banking platform “enables PostFinance to provide flexible and efficient access to a range of cryptocurrencies, as well as introducing new revenue-generating services on an ongoing basis, such as staking.”

Being a fully regulated digital asset specialist “with a Swiss banking license, Sygnum is 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, says:

“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, Sygnum Bank, adds:

“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.”

As noted in the update, Sygnum claims it is “the world’s first digital asset bank, founded on Swiss and Singapore heritage.”

With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers professional and institutional investors, corporates, banks, and other financial institutions “to invest in the digital asset economy with complete trust.”

Sygnum operates “an independently controlled, scalable, and future-proof regulated banking platform.”

Their interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is “shaping the development of a trusted digital asset ecosystem.”

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