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Postfinance, a leading Swiss retail bank, has partnered with Sygnum, a licensed digital asset bank, to provide its customers with access to major cryptocurrencies and related services.
The state-owned financial institution aims to offer a range of digital asset banking services by utilizing Sygnum's B2B banking platform.
This collaboration between the financial services unit of the Swiss postal service and Sygnum will enable Postfinance to expand its offering to include crypto assets. By leveraging Sygnum's platform, Postfinance aims to cater to the growing demand for digital assets from its clients.
According to an announcement published on Wednesday, Sygnum stated that their partnership would enable the launch and expansion of regulated bank-grade products and services for digital assets. Leading cryptocurrencies, including Bitcoin and Ethereum, can be bought, stored, and sold by customers of Postfinance, as stated by Sygnum, the Swiss fintech company.
Postfinance partnered with Sygnum to offer regulated digital asset banking services, including the buying, selling, and storing of cryptocurrencies like Bitcoin and Ethereum. Postfinance's Chief Investment Officer, Philipp Merkt, noted strong customer demand for digital investment services. Partnering with Sygnum and leveraging its B2B platform will enable Postfinance to offer crypto assets in a cost-efficient and regulation-compliant manner.
Postfinance customers will have access to leading cryptocurrencies using Sygnum's B2B banking platform, which allows for cost-efficient and regulation-compliant products. Sygnum's partner banks can quickly enter the crypto market.
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