Swiss Banking Giant Postfinance to Offer Crypto Services – Finance Bitcoin News


Postfinance, one of Switzerland’s largest retail banks, is about to offer its customers access to major cryptocurrencies and related services. This state-owned financial institution will make use of the banking platform developed by the Swiss-licensed digital asset bank Sygnum.

Postfinance Partners With Sygnum for Digital Asset Products and Services

The financial services unit of the Swiss national postal service, Postfinance, has joined hands with crypto bank Sygnum to offer a wide range of digital asset banking services. To achieve this, the bank will be utilizing Sygnum’s B2B (business-to-business) banking platform.

The collaboration enables the launch and expansion of regulated bank-grade products and services for digital assets, Sygnum noted in an announcement published Wednesday. The Switzerland-based fintech company further elaborated:

Postfinance’s customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ethereum.

Postfinance has identified the investment needs of its customers and noticed a considerable demand for digital investment services, Sygnum also stated. Its B2B banking platform will allow the Swiss state-owned bank to integrate the new offering into its existing infrastructure.

“Digital assets have become an integral part of the financial world, and our customers want access to this market at Postfinance, their trusted primary bank,” commented the bank’s Chief Investment Officer Philipp Merkt.

Sygnum holds both a Swiss banking license and a Singapore asset management license. As a fully regulated entity, it is among the few banks around the globe capable of providing a connection between traditional finance and digital assets.

Sygnum Bank also highlighted that the B2B offering allows its partner banks to quickly enter the crypto market in a cost-efficient manner and with regulation-compliant products. Utilizing it, Postfinance will also be able to continue to introduce new services such as staking. Fritz Jost, Signum’s chief B2B officer, noted that the company is already working with more than 15 partner banks.

Postfinance’s interest in the digital asset space is not new. Swiss Post’s financial arm announced its intentions to enter the crypto services market in July, 2022. Last May, the bank had already launched a mobile app providing clients with access to over a dozen cryptocurrencies.

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b2b, B2B platform, Bank, Banking, banking platform, banks, Crypto, crypto assets, Crypto-Bank, crypto-related, Cryptocurrencies, Cryptocurrency, Digital Assets, Postfinance, products, Services, staking, swiss, Swiss Post, Switzerland, Sygnum

Do you anticipate that more Swiss banks will also look for B2B solutions allowing them to provide crypto-related products and services to their customers? Share your thoughts in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who is inspired by Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Apart from crypto, blockchain and fintech, international politics and economics are two other passions of his.

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