Digital Assets: Bordier, A Swiss Private Bank Founded In 1844, Offers Cryptos

March 1, 2021 | Digital Assets, News
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Bordier & Cie SCmA has onboarded Sygnum’s B2B banking platform for enabling crypto transactions.

Venerable Swiss private banker Bordier & Cie SCmA has brought the world of cryptocurrencies within reach of its clients by establishing a tie-up with Sygnum Bank. By integrating with Sygnum’s B2B platform, clients at Bordier can transact in cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Tezos. According to an announcement, the Swiss bank completed the integration within 60 days. (Bordier)

Demand for alternatives

Evrard Bordier, Bordier & Cie’s SCmA Managing Partner, said: “We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets. By partnering with Sygnum Bank, we are providing our clients with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.”

Bordier decided to offer cryptos because they were the best performing asset class in 2020, scaling a total market capitalization of $1 trillion.

Apart from the rising adoption of digital assets, their high-growth and low-correlation to traditional assets makes them a suitable tool to enhance diversification and achieve superior risk-adjusted returns.

Institutions have boosted their investments in bitcoin, calling the cryptocurrency the new “digital gold,” and a worthwhile alternative investment.

Integration with Sygnum

As a result of the Sygnum tie-up, Bordier can offer its clients a fully integrated digital assets solution complete with technological infrastructure, research, regulatory compliance, and access to a range of crypto products.

All this comes with the comfort of the high level of security and compliance assured by a Swiss regulated bank.

The Sygnum platform also includes the safekeeping of private keys, selection of and connectivity to liquidity providers, digital asset AML, and transaction monitoring.

Related Story:   Gazprombank (Switzerland) FINMA-Cleared For Crypto Bank Accounts

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