Swiss Retail Bank to Offer Cryptocurrency Services

PostFinance, a retail financial institution owned by the Swiss authorities, has introduced plans to supply its prospects cryptocurrency buying and selling and storage providers. The financial institution has partnered with native cryptocurrency financial institution Sygnum to supply regulated digital asset banking providers. Clients will be capable of purchase, retailer, and promote main cryptocurrencies comparable to Bitcoin and Ether.

The partnership with Sygnum permits PostFinance to supply these providers by way of Sygnum’s institutional business-to-business platform. This platform gives banks with market entry to regulated and compliant digital merchandise, together with a variety of cryptocurrencies. The B2B community contains greater than 15 associate banks and helps revenue-generating providers like staking.

PostFinance’s transfer into the cryptocurrency market comes amid rising curiosity and adoption of digital belongings worldwide. With the rise of blockchain expertise and the decentralization of finance, many conventional monetary establishments are exploring methods to combine cryptocurrencies into their choices. PostFinance’s partnership with Sygnum positions the financial institution to supply its prospects with entry to the rising cryptocurrency market.

As a totally government-owned financial institution, PostFinance is topic to strict regulatory necessities. The partnership with Sygnum ensures that the financial institution’s cryptocurrency providers are absolutely compliant with native laws, offering prospects with a safe and controlled platform for buying and selling and storing digital belongings.

The collaboration with Sygnum additionally gives PostFinance with entry to the experience and expertise of a number one participant within the cryptocurrency area. Sygnum is a licensed Swiss financial institution that provides a variety of institutional-grade cryptocurrency providers, together with custody, buying and selling, and tokenization. With its deep expertise within the cryptocurrency market, Sygnum is well-positioned to supply PostFinance with the instruments and assist wanted to supply its prospects cutting-edge digital asset providers.

In abstract, PostFinance’s partnership with Sygnum represents a major step ahead for the financial institution because it seeks to enter the cryptocurrency market. With the flexibility to supply prospects regulated cryptocurrency buying and selling and storage providers, PostFinance is well-positioned to seize a share of the rising digital asset market. By leveraging the experience and expertise of Sygnum, PostFinance can present its prospects with a safe and compliant platform for purchasing, promoting, and storing digital belongings, together with Bitcoin and Ether.

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