Sygnum, the world’s first digital asset bank, is the first Swiss bank to open a hub in the metaverse. It will present its Web3 product innovations there. According to a press release, this virtual branch “provides a trusted entry point for investors into the emerging USD 5 trillion crypto-powered metaverse economy”.
Chief Clients Officer at Sygnum, Martin Burgherr, commented: “Metaverse investment is ramping up, powered by crypto-enabled retail transactions and a new generation of users completely at home with socialising, shopping, and working in virtual spaces.” Sygnum is convinced that the metaverse “is evolving into the next iteration of the internet”.
The three-storey bank branch from the “crypto-native financial institution in the metaverse” is located in the virtual equivalent of New York’s Times Square. A video has provided a first glimpse of it. The Web3 portal has a CryptoPunk receptionist, an interactive NFT gallery with curated exhibitions from Sygnum, its clients, and artists, and a space for events and launches. The official launch took place via a livestream event in Decentraland on September 27.