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PostFinance, a retail financial institution owned by the Swiss authorities, has introduced plans to supply its clients cryptocurrency buying and selling and storage companies. The financial institution has partnered with native cryptocurrency financial institution Sygnum to supply regulated digital asset banking companies. Prospects will be capable of purchase, retailer, and promote main cryptocurrencies resembling Bitcoin and Ether.
The partnership with Sygnum permits PostFinance to supply these companies by means of Sygnum’s institutional business-to-business platform. This platform supplies banks with market entry to regulated and compliant digital merchandise, together with a variety of cryptocurrencies. The B2B community consists of greater than 15 companion banks and helps revenue-generating companies like staking.
PostFinance’s transfer into the cryptocurrency market comes amid rising curiosity and adoption of digital belongings worldwide. With the rise of blockchain know-how and the decentralization of finance, many conventional monetary establishments are exploring methods to combine cryptocurrencies into their choices. PostFinance’s partnership with Sygnum positions the financial institution to supply its clients with entry to the rising cryptocurrency market.
As a totally government-owned financial institution, PostFinance is topic to strict regulatory necessities. The partnership with Sygnum ensures that the financial institution’s cryptocurrency companies are totally compliant with native rules, offering clients with a safe and controlled platform for buying and selling and storing digital belongings.
The collaboration with Sygnum additionally supplies PostFinance with entry to the experience and know-how of a number one participant within the cryptocurrency house. Sygnum is a licensed Swiss financial institution that provides a variety of institutional-grade cryptocurrency companies, together with custody, buying and selling, and tokenization. With its deep expertise within the cryptocurrency market, Sygnum is well-positioned to supply PostFinance with the instruments and help wanted to supply its clients cutting-edge digital asset companies.
In abstract, PostFinance’s partnership with Sygnum represents a major step ahead for the financial institution because it seeks to enter the cryptocurrency market. With the flexibility to supply clients regulated cryptocurrency buying and selling and storage companies, PostFinance is well-positioned to seize a share of the rising digital asset market. By leveraging the experience and know-how of Sygnum, PostFinance can present its clients with a safe and compliant platform for getting, promoting, and storing digital belongings, together with Bitcoin and Ether.
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