Bison Bank’s crypto subsidiary is partnering with Sygnum to enter the crypto market
Dynamics Group AG / Keywords: Cryptocurrency / Blockchain/Agreement
Bison Bank Crypto subsidiary partners with Sygnum to enter
crypto market
17/01/2023 / 09:00 CET/CEST
PRESS RELEASE
Bison Bank Crypto subsidiary partners with Sygnum to enter
crypto market
Lisbon/Zurich: 17 January 2023 – Bison Digital Assets managed by Banco
de Portugal licensed crypto subsidiary of Bison Bank, is a
The collaboration with Sygnum Bank to handle regulated
Custody and trading services for digital assets i
to enter the global crypto market.
* The strategic partnership strengthens Bison Bank’s plan, a
Bridge between traditional finance and digital assets
to create by offering end customers of Bison Digital Assets the practical
Buy, sell and hold cryptocurrencies such as Bitcoin (BTC) and
Ether (ETH) activated
* Sygnum’s B2B platform offers Bison Digital Assets the fast,
modular access to Sygnum’s full range 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, the crypto subsidiary of Bison Bank, announces a
strategic partnership with Sygnum that enables their end customers to
Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) fast and cheap
to buy, sell and hold. This is what the offer from Bison does
Digital assets future-proof and allow the managed
To increase existing customers’ asset share and additional market shares
to access the global crypto market.
Bison Digital Assets is the first “Virtual Asset Service Provider” (VASP)
in Portugal 100% owned by a bank and managed by
Portuguese supervisory authority Banco de Portugal. bison
Digital Assets is also one of the few VASPs in Europe.
Bison Bank uses Bison Digital Assets to manage digital assets from
Keep customers safe and a regulated bridge between
beats traditional and crypto finance 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)
to offer.
Sygnum’s B2B banking already enables 15 partners, one regulated
Footprint for digital assets under their own brand
create and maintain full control over their customer relationships.
This expanded offering is supported by robust compliance processes
Sygnum and Bison’s digital assets are supported. The operational efficiency of
Sygnum, as well as the ability to off-sell clients’ crypto assets
Keeping a balance sheet will help minimize risk.
António Henriques, Bison Digital Assets’ CEO, commented: “Financial institutions
must adhere to the highest regulatory, compliance and security standards
teams if they offer cryptocurrencies to their customers. We are proud
looking forward to working with Sygnum and their crypto expertise and
Track record to leverage as we take our first steps into the market
do for digital assets.”
“Banks’ ability to innovate and options for their customers
Continuous expansion is the key to being competitive and
to remain sustainable. Our B2B platform makes this possible in the shortest possible time
time and with full compliance for Bison Digital Assets. It is a
another trusted hub in the expanding European
crypto ecosystem and we look forward to working with banks and
Bank backed VASPs enabling their end customers
invest in cryptocurrencies with confidence,” said Sygnum’s Fritz Jost
Chief B2B Officer.
— THE END —
About Bison Digital Assets:
Bison Digital Assets is the first Virtual Asset Service Provider licensed by
Bank of Portugal, wholly owned by a Portuguese bank. Our goal is to
bridging 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, offering a reliable
service for this new asset class. The product range consists of 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 first digital asset bank and a
Specialist with global reach. With the Swiss banking license from Sygnum
Bank AG and the authorization to provide services on the capital market
(Capital Market Services, CMS) by Sygnum Pte. Ltd activated in Singapore
es Sygnum institutional and private qualified investors,
Companies, banks and other financial institutions, with full confidence in
investment in digital assets. Sygnum runs an independent
controlled, scalable and future-proof regulated banking platform.
Sygnum’s interdisciplinary team, consisting of experts in banking,
Investments and Distributed Ledger Technology (DLT), actively shape
Developing a trusted ecosystem for digital assets.
The company is based on the Swiss and Singaporean tradition
financial center and operates worldwide. To learn more about Sygnum,
please visit www.sygnum.com.
Press contact:
Dom Castley
Telephone: +41 58 508 21 01
E: [1]dominic.castley@sygnum.com
Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zurich
Switzerland
1. mailto:dominic.castley@sygnum.com
Legal notice and disclaimer: This document was created by
Sygnum Bank AG established. It may contain forward-looking statements, and
the statements therein are subject to change at any time. that
Opinions expressed herein are Sygnum Bank AG, its
Subsidiaries and partners at the time of writing. The document
are for informational purposes only and contain general statements. It is only
intended for the recipient. It does not constitute advice, no offer and no
Request from Sygnum Bank AG or on behalf of Sygnum Bank AG for
Purchase or sale of assets or securities The document
is not and should not be taken as a general guide for investments
used for informational purposes only. When you have to make an investment decision
you should either do your own research and analysis or do it yourself
seek advice from an expert to ensure fair advice in all circumstances
To make a decision. The information in this document
and analyzes are compiled from sources believed to be reliable
was considered. However, Sygnum Bank AG assumes no responsibility for theirs
reliability or completeness and disclaims responsibility for any loss
as a result of the use of this information.
In case of doubt, the original English report is legally binding.
End of media releases
1536239 17.01.2023 CET/CEST
AXC0079 2023-01-17/09:00
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