Bordier to offer cryptocurrencies to their customers via Sygnum’s B2B banking platform
Bordier & Cie has expanded its offering to include cryptocurrencies by incorporating Sygnum’s B2B banking platform.
This partnership enables Bordier’s clients* to invest today in the digital asset economy with complete trust, and lays the foundation for a broader offering of regulated digital asset products and services, including sophisticated trading strategies with options, and the ability to invest in previously hard-to-access asset classes via tokenisation.
- Bordier clients can now securely buy, hold and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Tezos, and gain diversified exposure via Sygnum’s suite of digital asset management products.
- Total market capitalisation of cryptocurrencies increased almost four-fold in 2020, making it the best-performing asset class and a powerful tool for portfolio diversification – thus also increasing client-demand.
- In under 60 days, Bordier was able to fully integrate Sygnum’s B2B banking platform and offer seamless access to digital assets to their own clients.
Driven by increasing client demand, Bordier has expanded its private banking services to include digital assets through a partnership with Sygnum Bank, leveraging the latter’s B2B banking platform. Sygnum’s all-in-one digital asset solution is seamlessly integrated with Bordier’s existing infrastructure. At this stage, clients* of Bordier can now buy, hold, and trade cryptocurrencies on an execution only basis. They can trade Bitcoin, Ethereum, Bitcoin Cash and Tezos, with the highest level of security and compliance provided by a Swiss regulated bank. The offering will be extended as clients become more at ease with the simplicity of the new service.
Evrard Bordier, Bordier & Cie’s SCmA Managing Partner, says “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.”
In this partnership, Sygnum provides the digital asset specialist expertise and an all-in-one, market-ready B2B banking platform which includes the safekeeping of private keys, selection of and connectivity to liquidity providers, digital asset AML, and transaction monitoring. Bordier will continue to manage its client* relationships, and clients* will be able to access Sygnum’s suite of digital asset management products. This new integration is aimed at simplifying the transactional process for clients, providing them with the option to invest in the asset class at their own convenience, and eliminating the need for multiple channels.
* “execution only” clients
Recommended news