Bison Bank’s crypto subsidiary is partnering with Sygnum to enter the crypto market

Dynamics Group AG / Keywords: Cryptocurrency / Blockchain/Agreement

Bison Bank’s crypto subsidiary is partnering with Sygnum to enter the crypto market

17/01/2023 / 09:00 CET/CEST


PRESS RELEASE

Bison Bank’s crypto subsidiary is partnering with Sygnum to enter the crypto market

Lisbon/Zurich: January 17, 2023 – Bison Digital Assets, Bison Bank’s crypto subsidiary licensed by Banco de Portugal, has partnered with Sygnum Bank to provide regulated custody and trading services for digital assets in the global crypto – to enter the market .

  • The strategic partnership strengthens Bison Bank’s plan to bridge the gap between traditional finance and digital assets by enabling Bison Digital Assets end customers to conveniently buy, sell and hold cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).
  • Sygnum’s B2B platform gives Bison Digital Assets fast, modular access to Sygnum’s full suite of regulated digital asset services
  • Bison Digital Assets is Sygnum’s first European B2B banking customer and one of 15 banks already using the platform.

Bison Digital Assets, Bison Bank’s crypto subsidiary, announces a strategic partnership with Sygnum that will enable its end customers to buy, sell and hold cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) quickly and cheaply. This future-proofs the Bison Digital Assets offering, making it possible to increase the share of assets under management for existing clients as well as gain additional market share through access to the global crypto market.

Bison Digital Assets is the first fully bank-owned Virtual Asset Service Provider (VASP) in Portugal and authorized by the Portuguese regulator, Banco de Portugal. Bison Digital Assets is also one of the few VASPs in Europe.

Bison Bank uses Bison Digital Assets to securely store customers’ digital assets and provide a regulated bridge between the traditional and crypto financial worlds. The partnership with Sygnum is part of the strategic goal of providing best-in-class services to active crypto investors, institutions and high net worth individuals (HNWI).

Sygnum’s B2B banking already enables 15 partners to create a regulated footprint for their own branded digital assets and retain full control over their customer relationships. This expanded offering is supported by Sygnum and Bison Digital Assets’ robust compliance processes. Sygnum’s operational efficiency and ability to keep clients’ crypto assets off balance will help mitigate risk.

Antonio Henriques, CEO of Bison Digital Assets, commented, “Financial institutions must adhere to the highest regulatory, compliance and security standards when offering cryptocurrencies to their customers. We are proud to partner with Sygnum and leverage their crypto expertise and track record as we take our first steps into the market for digital assets.”

“The ability of banks to innovate and continuously expand choices for their customers is the key to remain competitive and future-proof. Our B2B platform enables this in the shortest possible time and with full compliance for Bison Digital Assets. It is another trusted hub in expanding it European crypto-ecosystem and we look forward to working with banks and bank-backed VASPs to enable their end-customers to invest in cryptocurrencies with confidence,” said Fritz Jost, Sygnum’s Chief B2B Officer.

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About Bison Digital Assets:

Bison Digital Assets is the first Virtual Asset Service Provider licensed by the Bank of Portugal, fully owned by a Portuguese bank. Our goal is to bridge the gap between cryptocurrency and traditional finance through a secure and regulated environment. Bison Digital Assets is a virtual asset platform for individuals and institutions owned by Bison Bank that offers a reliable service for this new asset class. The product range consists of the storage and exchange of digital assets.

Media contact:

Diogo Bras, Chief Crypto Business Officer
T: +351 91 625 34 24
Email: dbras@bisonbank.com

About Sygnum

Sygnum is the world’s leading digital asset bank and a specialist with a global reach. With the Swiss banking license from Sygnum Bank AG and the Capital Market Services (CMS) license from Sygnum Pte. Ltd in Singapore, Sygnum enables institutional and retail qualified investors, corporates, banks and other financial institutions to invest in digital assets with complete confidence. Sygnum operates an independently managed, scalable and future-proof regulated banking platform. Sygnum’s multidisciplinary team of banking, investment and DLT (distributed ledger technology) experts are actively shaping the development of a trusted ecosystem for digital assets. The company is based on the tradition of the Swiss and Singapore financial centers and operates worldwide. To learn more about Sygnum, please visit www.sygnum.com.

Press contact:
Dom Castley
Telephone: +41 58 508 21 01
E: dominic.castley@sygnum.com

Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zurich
Switzerland

Legal notice and disclaimer: This document was created by Sygnum Bank AG. It may contain forward-looking statements, and statements contained herein may change at any time. The opinions expressed herein are those of Sygnum Bank AG, its subsidiaries and partners at the time of writing. The document is for informational purposes only and contains general statements. It is intended for the recipient only. It is not an advice, offer or solicitation by or on behalf of Sygnum Bank AG to buy or sell assets or securities. The document is not intended as a general investment guide and may be used for informational purposes only. When making an investment decision, you should either do your own research and analysis or seek the advice of an expert to make a decision that is reasonable in all circumstances. The information and analysis in this document has been compiled from sources believed to be reliable. However, Sygnum Bank AG does not guarantee its reliability or completeness and assumes no responsibility for losses resulting from the use of this information.
In case of doubt, the original English report is legally binding.


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