PostFinance partners with Sygnum Bankto offer cryptocurrencies

PRESS RELEASE
  

PostFinance partners with Sygnum Bankto offer cryptocurrencies

Zurich, 5 April, 2023 - PostFinance, one of Switzerland’s leading financial institutions and largest retail banks, partners with Sygnum, the world’s first digital asset bank, to offer its customers a range of regulated digital asset banking services via Sygnum's B2B banking platform.

• PostFinance's partnership with Sygnum Bank enables the launch and ongoing expansion of regulated, bank-grade digital asset products and services for its customers
• PostFinance's customers will be able to buy, store and sell leading cryptocurrencies
  such as Bitcoin and Ethereum
• Sygnum’s B2B offering empowers partner banks with a fast, cost-efficient market entry with innovative and regulatory compliant products

PostFinance has analysed its customers’ investment needs and uncovered a strong demand for digital investment services. By leveraging Sygnum's B2B banking platform, PostFinance will seamlessly integrate this new offering into its existing infrastructure from the outset.

Sygnum's fully regulated B2B banking platform enables PostFinance to provide flexible and efficient access to a range of cryptocurrencies, as well as introducing new revenue-generating services on an ongoing basis, such as staking. Being a fully regulated digital asset specialist with a Swiss banking license, Sygnum is one of the few banks in the world that can provide a secure bridge between traditional finance and digital assets.

Philipp Merkt, Chief Investment Officer of PostFinance Ltd, says "Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank. A reputable and established partner like Sygnum Bank with an excellent service offering is more important than ever."

Fritz Jost, Chief B2B Officer, Sygnum Bank, adds “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed. We are pleased to empower PostFinance to deliver institutional-grade digital asset services to their customers. We are committed to continuously drive further innovation and positive change for the industry and our partner banks’ customers.”

ENDS

About Sygnum

Sygnum is the world’s first digital asset bank, founded on Swiss and Singapore heritage. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers professional and institutional investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. To learn more about Sygnum, please visit www.sygnum.com.

Disclaimer: This document was prepared by Sygnum Bank AG. This document may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Bank AG, its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not intended to be used as a general guide to investing, and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Bank AG makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.