Home » PostFinance partners with Sygnum Bank to offer cryptocurrencies

PostFinance partners with Sygnum Bank to offer cryptocurrencies

by Tech Reporter
17th Apr 23 12:11 pm

PostFinance, one of Switzerland’s leading financial institutions and largest retail banks, partners with Sygnum, the world’s first digital asset bank, 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 and regulatory compliant products.

PostFinance has analysed 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 licence, 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, PostFinance, 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, added, “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.”

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