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Swiss crypto bank Sygnum partners with Portuguese Bison Digital Assets

Tuesday 17 January 2023 14:14 CET | News

Portugal-based Bison Digital Assets, Bison Bank’s crypto subsidiary, has partnered with Sygnum Bank to enter the global crypto market with regulated digital asset custody and trading services.

Bison Bank uses Bison Digital Assets to safeguard customer digital assets and build a regulated connection between the traditional and crypto financial sectors. The collaboration with Sygnum is part of the company's strategic aim of providing best-in-class services to crypto-active investors, institutions, and High Net Worth Individual (HNWI) clients. The partnership aims to empower Bison Bank’s end-clients to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ether (ETH). 

Sygnum's B2B banking currently allows 15 partners to build a regulated digital asset presence under their own brand while maintaining complete control over their customer relationships. The rigorous compliance standards of Sygnum and Bison Digital Assets support this expanded offering. 

 

Expansion of client choice

According to a Bison Digital Assets representative, the partners will leverage Sygnum’s crypto-native expertise as the crypto company takes its first steps in the digital asset market. A Sygnum representative stated that their B2B platform enables the partners to innovate and expand client choice with full compliance for Bison Digital Assets. 

Swiss crypto bank Sygnum partners with Portuguese Bison Digital Assets

December expansion to Luxembourg

In December 2022, Sygnum expanded its Swiss-regulated crypto offering to Luxembourg. According to the Sygnum press release, the bank selected Luxembourg as part of its international expansion strategy due to its regulatory frameworks, growing adoption, and strong local demand for institutional-grade crypto services. This international expansion into Luxembourg aims to enable access to digital asset funds in the world’s second-biggest fund and asset management investment market.

 

What does Sygnum offer

Sygnum is a digital asset bank and a digital asset specialist. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum aims to support professional and institutional investors, corporates, banks, and other financial institutions to invest in the digital asset economy. Sygnum operates an independently controlled, regulated banking platform. 

Targeted at Alternative Investment Funds (AIFs) and institutional investors, Sygnum’s crypto custody offers secure access to crypto assets. As a regulated Swiss bank, Sygnum holds client assets off balance sheet in a fully segregated manner which eliminates all counter-party risks towards Sygnum.

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Keywords: partnership, cryptocurrency, digital assets, Bitcoin, investment
Categories: DeFi & Crypto & Web3
Companies: Bison Bank, Sygnum
Countries: Portugal, Switzerland
This article is part of category

DeFi & Crypto & Web3

Bison Bank

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Sygnum

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