Bordie & Cie SCmA is looking forward to unveiling cryptocurrencies to its global customer base. The Swiss-based private bank also plans on collaborating with Sygnum B2B banking ecosystem, which mainly deals with digital asset investments.
Bordier is opening a way for its customers to hold, buy, or sell cryptocurrencies like bitcoin (BTC), tezos (XTZ), and ethereum (ETH) while leveraging an array of products from Sygnum’s platform. Merging Bordier to utilize Sygnum B2B solution and enable complete access to digital assets took about 60 days to integrate.
Cryptocurrencies made massive strides in 2020, after a surge in total market capitalization. Due to this reason, Bordier views cryptocurrencies as a profitable asset for portfolio diversification.
Banks and Crypto on One Arena
Bordier’s managing partner, Evrard Bordier, mentioned a growing demand for diversification into different asset classes. Such assets include digital assets, which have made notable gains over the last couple of years.
Through the partnership, Bordier will have an all-in-one digital asset ecosystem offering AML practices for digital assets, connection to liquidity providers, and private key safety for customers.
Asides from that, the duo collaboration aims at building a straightforward transaction process and providing a one-stop channel to invest in the asset class.
Besides, the CEO says that the partnership is a worthwhile venture that may adjust the financial system.
Towards Mass Adoption
Bordier runs as a financial institution established way back in 1844.
The bank works on bringing forward diversified portfolios, gives its customers a straightforward investment policy and strategic asset allocations. Currently, the bank has branches spread across the world in Zurich, Paris, Rennes, London, Singapore, to mention but a few.
Sygnum boasts as a global digital asset bank licensed under the Swiss banking license and Sygnum Pte LTD’s capital market services license.
Moreover, Sygnum works with DLT and investment experts to build a compliant virtual asset ecosystem.
Just recently BeInCrypto reported that JPMorgan co-president Daniel Pinto signaled that once bitcoin is widely used by different asset managers and investors, Wall Street banks will embrace it.
Also, Bank of New York Mellon Corp. is set to begin offering cryptocurrency custody to its clients. The bank plans to integrate crypto into its legacy systems in the long run.