Bordier & Cie, a Swiss monetary establishment working for greater than 170 years, has introduced a partnership with digital asset financial ins
Bordier & Cie, a Swiss monetary establishment working for greater than 170 years, has introduced a partnership with digital asset financial institution Sygnum to permit its clients to buy crypto belongings.
The mixing with Sygnum’s business-to-business banking platform permits Bordier’s shoppers to buy Bitcoin (BTC), Ether (ETH), Bitcoin Money (BCH), and Tezos (XTZ).
The announcement describes the transfer as “lay[ing] the muse for a broader providing of regulated digital asset services,” together with choices and tokenized asset courses. Bordier managing associate Evrard Bordier stated:
“By partnering with Sygnum Financial institution, we’re offering our shoppers with a one-stop, built-in resolution whereas empowering them to take a position on this new, excessive development asset class with full belief.”
Bordier famous the transfer was pushed by rising demand from shoppers seeking to diversify their portfolios with new belongings. The agency emphasised the dearth of correlation between the cryptocurrency and mainstream monetary markets, describing crypto belongings as a “highly effective device to reinforce diversification and obtain superior risk-adjusted returns.”
Bordier & Cie is a Geneva-based personal banker based in 1884, that has been owned and managed by the Bordier household for 5 generations. The financial institution’s introduction to crypto follows that of many different giant establishments seeking to undertake cryptocurrency in 2021.