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Swiss bank founded in 1844 integrates new platform for buying and selling bitcoin

The Swiss private bank Bordier & Cie SCmA, with 177 years offering traditional banking services, has realized the enormous demand that exists for cryptocurrencies and decided to give the step into the future of finance by venturing into the commercialization of bitcoin.

The bank, founded in Geneva in 1844, recently partnered with the B2B banking platform Sygnum Bank, one of the first Swiss banks created to trade digital assets.

To facilitate the offer of new services, Sygnum will be integrated into the Bordier platform for the offer of crypto assets. In this way, traditional bank clients will be able to buy, sell, exchange and safeguard cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Tezos (XTZ) , with the backing of an institution regulated by the Swiss authorities.

«With this, Bordier lays the foundations for a more robust offer that includes trading strategies with options, and the possibility of investing in assets that were previously difficult to access through tokenization, ”the company reported in its statement published on February 24.

The growth of the bitcoin market attracts more traditional companies

After seeing the total value of the cryptocurrency market grow almost 4 times in 2020, reaching a trillion dollars and motivated by the great demand for these assets, the association between Bordier and Sygnum has managed to finalize the project in 60 days , the press release limits.

The platform also includes research, education and access to a wide range of digital asset products. In addition, it offers custody of private keys, connectivity with liquidity providers, anti-money laundering digital assets and transaction monitoring. In this case, Sygnum provides its knowledge in digital assets, while Border participates with its experience in customer service.

«Bordier continues its 177-year tradition of safeguarding customer assets for future generations by offering the ‘next generation’ of assets to their clients, “said Mathias Imbach, CEO of Sygnum Bank Group.

The cryptocurrency industry gains acceptance in Switzerland

For a couple of years now, CriptoNoticias has reported on several Swiss banks and institutions that have decided to join the world of digital assets and use financial innovations related to cryptocurrencies. A good example was the partnership between Julius Baer, ​​a traditional bank, and SEBA crypto AG, an institution dedicated to cryptocurrencies.

Digital assets have also been well received as financial products on the stock exchanges of Europe and other parts of the world. Every day, new institutions join a movement that no longer seems just a trend, but a profound change in the global financial system.

In that sense, there is another example in the decision to the also former Swiss financial institution Lombard Odier, which in 2020 created a fund. The service is focused on the tokenization of real estate assets, companies, and copyrights, and its transactions can be registered in a blockchain.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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