One of many main banks in Switzerland is now providing crypto buying and selling
Bordier & Cie, a Swiss financial institution that has been in business for more than 170 years, has announced a partnership with the digital asset bank Sygnum to enable its customers to purchase crypto assets.
By integrating with Sygnum’s business-to-business banking platform, Bordier customers can purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Tezos (XTZ).
The announcement describes the move as “layperson[ing] the foundation for a wider range of regulated digital asset products and services, “including options and token asset classes. Bordier Managing Partner Evrard Bordier said:
“Through the partnership with Sygnum Bank we offer our customers an integrated solution from a single source and at the same time we can invest in this new, high-growth asset class with confidence.”
Bordier found that the move was driven by increasing demand from clients looking to diversify their portfolios with new assets. The company highlighted the lack of correlation between cryptocurrency and major financial markets, describing crypto assets as “a powerful tool for enhancing diversification and generating superior risk-adjusted returns”.
Bordier & Cie is a Geneva-based private banker founded in 1884, which has been owned and managed by the Bordier family for five generations. The bank’s introduction to cryptocurrency follows that of many other large institutions that want to introduce cryptocurrency in 2021.