Swiss bank with 177 years of history adds support for cryptocurrencies

Founded in 1844 in Geneva, the private bank Bordier & Ciel added the purchase, trade and storage of bitcoin, Ethereum, Bitcoin Cash and Tezos to its list of services. The initiative was implemented through the mediation of Sygnum, a regulated crypto bank.

“We have met clients who are interested in diversifying their capital through an alternative asset class such as cryptocurrencies ,” said Evrard Bordier, managing partner of Bordier & Ciel.

In the future, the bank plans to increase the number of supported digital assets.

The service was implemented with the support of the Sygnum cryptobank. The B2B platform he developed will provide secure storage of private keys, access to liquidity providers and monitoring transactions. The partner will also provide guarantees of compliance with AML procedures.

“Bordier continues its 177-year tradition of preserving client capital for future generations by offering next generation assets ,” commented Sygnum co-founder Mathias Imbach.

As a reminder, the value of assets managed by the provider of cryptocurrency exchange products 21Shares from Switzerland recently reached $ 1 billion , showing a 100% growth rate in two weeks.

In December, the Sygnum crypto bank tokenized its shares on the Desygnate platform it developed . The decision is compatible with the Swiss blockchain law coming into force in February 2021.

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