Bordier & Cie SCmA integrates crypto via Sygnum’s B2B banking platform

Bordier & Cie SCmA integrates crypto via Sygnum’s B2B banking platform
фото показано с : invezz.com

2021-2-26 18:19

Top-tier private Swiss bank Bordier & Cie SCmA has embraced cryptocurrencies. The bank unveiled this news on February 24 through a press release, noting that it had expanded its offering to include cryptocurrencies. Reportedly, the bank joined hands with Sygnum Bank AG to use its business-to-business (B2B) banking platform for crypto trading.

According to the press release, this partnership has built the foundation on which Bordier & Cie SCmA intends to offer more regulated crypto products and services. These include complex trading strategies with options and investing in traditional asset classes, which were previously hard to access, through tokenization.

With this integration, the bank’s clients will get an opportunity to invest in the crypto market through a secure and regulated environment. Per Bordier & Cie SCmA’s B2B platform blends perfectly with its infrastructure, allowing customers to buy, hold, and trade crypto on an execution-only basis. At the moment, the bank supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Tezos (XTZ). However, Bordier & Cie SCmA intends to expand this offering after its clients warm up to cryptocurrencies.

Client demand continues pushing institutions into crypto

Explaining why Bordier & Cie SCmA decided to dive into crypto, its managing partner, Evrard Bordier, said,

We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets. By partnering with Sygnum Bank, we are providing our clients* with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.

By tying with Sygnum, Bordier & Cie SCmA will offer its clients access to a platform that features technical infrastructure, research and sales education, and compliance. Apart from this, Sygnum’s B2B banking platform boasts an expansive range of digital asset products, including private key safekeeping, connection to a wide selection of liquidity providers, digital asset AML, and transaction monitoring. Through this integration, the bank eliminated the need for multiple investment channels, letting its clients will enjoy a simplified transaction process. 

Reportedly, the bank leveraged a modular setup that allowed it to design and implement a personalized digital asset offering in under 60 days. Reportedly, Sygnum offered its digital asset specialist expertise, which helped alleviate and accelerate the development process. Nonetheless, Bordier & Cie SCmA will continue managing its client relationships.

Commenting on this partnership, Sygnum Bank’s Group CEO, Mathias Imbach, said that the fusion of Bordier’s timeless values and Sygnum’s vision for future finance forms a powerful synergy that would change the financial landscape.

The post Bordier & Cie SCmA integrates crypto via Sygnum’s B2B banking platform appeared first on Invezz.

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