The government-owned Swiss bank PostFinance partners with digital asset bank Sygnum for various crypto and digital asset services.
One of the biggest and most well-known Swiss banks, PostFinance, has announced its intentions to collaborate with the world’s first digital asset bank, Sygnum, to promote crypto-related activities on its platform. Customers of PostFinance would, thus, be able to buy and trade cryptos such as Bitcoin and Ethereum and avail of other digital asset services and products. The Swiss bank will use the B2B banking platform of Sygnum for the same.
“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,” said the Chief B2B officer of Sygnum Bank, Fritz Jost.
The Chief Investment Officer of PostFinance, Philipp Merkt, also stated that their customers wanted to access the digital assets market and that the demand for the same was high. He highlighted the importance of the partnership with Sygnum Bank.
PostFinance was founded in 1906 as an integral financial services arm of Swiss Post, which is the country’s national postal service. Swiss Post has been a public advocate of crypto in the past and has issued postal stamps related to digital collectibles and built its own crypto-custody platform. Switzerland has also been at the center of pro-crypto initiatives in the recent past while it has tried to build a crypto-friendly nation.