Oldest Swiss Bank Adds Support for Cryptocurrencies
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24 February
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Bordier & Cie SCmA, a Swiss private banking institute, has announced it had entered into a partnership with Sygnum, a Swiss crypto-focused bank, so that Bordier clients can now invest in cryptocurrencies via Sygnum’s B2B banking platform.

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In addition to trading cryptocurrencies, Bordier clients can also hodl cryptocurrencies like bitcoin (EXANTE: Bitcoin), ether (ETH), bitcoin cash (BCH) and tezos (XTZ) via Sygnum’s desk. While Sygnum will provide an all-in-one, market-ready B2B banking platform, cryptocurrency AML, and transaction monitoring, Bordier will manage the access of its clients to Sygnum’s products.

"This new integration is aimed at simplifying the transactional process for clients, providing them with the option to invest in the asset class at their own convenience, and eliminating the need for multiple channels," the announcement says.

Evrard Bordier, Bordier & Cie’s SCmA Managing Partner, emphasized the bank had seen"increasing demand" from its clients base to diversify into new digital assets. As iHodl earlier reported, SBI Digital Asset Holdings, a cryptocurrency-focused arm of SBI Group, made an "eight-figure investment" in Sygnum.

Swiss Crypto Bank to Tokenize Its Shares

The Swiss cryptocurrency bank raised approximately $30 million over the past half a year and the new investment will help the bank to expand both of its private and institutional investors base, banks and other financial institutions.

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