PostFinance, the fifth-largest financial services provider in Switzerland, has announced a partnership with Sygnum Bank, the world’s first digital asset bank, to provide its 2.5 million users with a variety of regulated cryptocurrency services via Sygnum’s B2B banking platform.
PostFinance customers will be able to purchase, hold, and trade major cryptocurrencies like Bitcoin and Ethereum through this partnership.
Because of the fully regulated crypto banking structure of Sygnum, Postfinance can quickly adapt digital services to its existing systems to make access to a wide range of cryptocurrencies more flexible and efficient. In addition, the B2B network will introduce new services, such as staking to spend revenue on an ongoing basis.
PostFinance first analyzed the needs of its customers and the emerging demand for crypto services. As a result, the Swiss government-owned bank initiated the move as Philipp Merkt, the bank’s chief investment officer, said, “Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank.”
Ahead of PostFinance’s integration and offering of crypto services, the Swiss Post revealed its upcoming Crypto Stamp 3.0, the latest version of digital stamp tangible and NFTs combined with AI technology.
The Chief business-to-business officer of Sygnum Bank, Fritz Jost, emphasized that “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed.”
Also Read: UK Banks Refuse to Do Business with Crypto Customers: Report
