The Zurich-based digital bank Sygnum has entered into a partnership with Bison Digital Assets. The crypto subsidiary of Portugal’s Bison Bank hopes to enter the global crypto market with Sygnum’s B2B platform for regulated digital asset custody and trading services.
According to a press release, this is Sygnum’s first European B2B banking client, joining 15 already on the platform. Sygnum’s operational efficiency as well as its ability to hold client crypto assets off balance sheet will help minimize risk.
This strategic partnership consolidates Bison Bank’s plan of bridging traditional finance and digital assets. The Sygnum platform enables Bison Digital Assets’ end-clients to conveniently buy, sell and hold cryptocurrencies like Bitcoin and Ether.
Fritz Jost, Sygnum’s Chief B2B Officer, thinks “the ability for banks to innovate and continually expand client choice is key for them staying competitive and being future ready”. The collaboration with Bison Digital Assets “represents another trusted node in the expanding European crypto ecosystem”. mm
Related news
Contact us
Can we put you in touch with a peer company or research institute? Do you need any information regarding your strategic expansion to Switzerland's technology and business center?
info@greaterzuricharea.com