• Team Sygnum

Sygnum invests in future-proofing B2B banking platform as milestone of 10 banks reached



Zurich, 7 June 2022 – Sygnum Bank confirms its strong B2B track-record by announcing that it is partnering with 10 leading banks, empowering them to offer flexible, regulated crypto banking services to their clients.

  • Sygnum provides regulated crypto services for partner banks, including modules for segregated client accounts, custody, trading, staking, tokenization and asset management that can be integrated with existing banking infrastructure

  • B2B partners retain full control of their client relationships, with Sygnum as trusted solution provider working in public association or in the background

  • To further strengthen its multi-custody platform, Sygnum holds majority share in Custodigit, its Joint Venture with Swisscom and SIX, and continues to invest meaningfully in in-house custody solutions for tokenization and Web3

Sygnum reaches milestone of 10 B2B banking partners

Ten leading banks, including the publicly announced Bordier & Cie SCmA and VZ VermögensZentrum, have now partnered with Sygnum to launch crypto banking services for their clients with rapid go-to-market timescales. Leveraging Sygnum’s modular B2B platform, they can deploy a range of regulated services including segregated client accounts, custody, trading, staking, tokenization and asset management – with no lock-in period.


"Our strategic partnership with Sygnum enabled us to offer digital assets in response to our client demand. This partnership provides us with a FINMA regulated, one-stop solution that enables our clients to invest in this high-growth asset class with complete trust”, says Evrard Bordier, Bordier & Cie’s SCmA Managing Partner.


Orchestrating future-ready crypto banking

Sygnum has cemented its B2B partnerships due to its trusted team, consultative approach and, most importantly, its track-record of successful live deployments. Launching these on short timescales requires the tight orchestration of 200 of Sygnum’s Swiss-based crypto specialists. In addition to modular banking services, complementary elements include Sygnum’s plug-and-play API connectivity and risk and compliance management via proprietary crypto-AML tools, crypto compliance consulting and client-education.


Being an active participant of the crypto community, and having many of the institutions and individuals behind major global crypto and DeFi projects as clients and partners, ensures that Sygnum is involved in leading-edge projects that keeps its team, solutions and clients ahead of the industry.


The growth of the Sygnum B2B banking ecosystem is a testament to the value of strategic client partnerships and the need for specialist teams to shape development and build trust in new, fast-moving asset classes. Sygnum is the digital asset bank for banks”, says Fritz Jost, Sygnum Bank’s Chief B2B Officer.


Continual expansion of regulated crypto investment services

Since it gained its Swiss banking licence in August 2019, Sygnum has leveraged its flexible multi-custody platform to continually expand its cryptocurrency offering, currently numbering more than 20 leading tokens. Our market-tested multi-custody setup, primarily developed for institutional customers and other financial institutions, enables our B2B banking clients to accommodate different digital asset use-cases with a dedicated best-in-class platform without compromising security. To further build-out and complement our platform, Sygnum continuously screens the fast-changing digital asset infrastructure industry and integrates additional state-of-the-art components to broaden supported use-cases and enhance client experience. Included in major upcoming updates is the capability to more efficiently trade and settle smaller ticket sizes, as well as optimised management of clients’ trade margins and collateral to support further growth of our derivatives trading offering and Lombard Loan business.

ENDS



About Sygnum

Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and blockchain experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com.


Media Contact:

Stefanie Riedel

T: +41 58 508 20 18

E: stefanie.riedel@sygnum.com


Sygnum Bank AG

Uetlibergstrasse 134a

8045 Zürich

Switzerland





Disclaimer: This document was prepared by Sygnum Bank AG. This document may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Pte Ltd, its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Pte Ltd to purchase or sell assets or securities. It is not intended to be used as a general guide to investing, and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Pte Ltd makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.





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