Founded in 1844 in Geneva, private bank Bordier & Cie added to its list of services the purchase, trading and custody of Bitcoin, Ethereum, Bitcoin Cash and Tezos. The initiative was implemented with the mediation of the regulated crypto-bank Sygnum.
“We have listened to clients who are interested in diversifying capital through an alternative asset class such as cryptocurrencies”, — said Evrard Bordier, managing partner of Bordier & Cie.
In the future, the bank plans to increase the number of supported digital assets.
The service is implemented with the support of the crypto bank Sygnum. Developed by it, its B2B platform will provide secure storage of private keys, access to liquidity providers and transaction monitoring. The partner will also provide assurances of AML compliance.
“Bordier continues its 177-year tradition of preserving clients’ capital for future generations, by offering assets of the next generation”, — commented Matthias Imbach, co-founder of Sygnum.
Assets under management at 21Shares, the Swiss provider of crypto exchange-traded products, recently reached $1 billion, marking 100% growth over two weeks.
In December, the crypto bank Sygnum tokenized its shares on the platform Desygnate. The solution is compatible with the coming into force in February 2021 under the Swiss Blockchain Act.
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