Crypto bank Sygnum has officially welcomed more than 20 banks and international financial institutions to its B2B platform, marking a successful onboarding process.
Top financial players like PostFinance, ZugerKB, and SocGen Forge have joined the platform. This diverse group brings together major banks and specialized wealth managers. The impressive lineup includes LuzernerKB, VZ Depotbank, PKB, Bordier, and Bison Digital Assets, spanning different finance sectors.
As per the press statement, Sygnum revolutionized cryptocurrency access for Swiss citizens. Their platform securely connects one-third of Switzerland’s population to digital assets. It handles more than 1,000 B2B trades each day. The system automates 99.9% of these transactions, completing them in seconds.
The Head of Digital Assets at PostFinance, Dr. Alexander Thoma, underlined the increasing significance of cryptocurrencies, affirming their enduring relevance as an additional investment avenue. Through the collaboration, PostFinance now gives its customers 24/7 access to digital assets via their main banking platforms.
Sygnum drives growing acceptance
Interestingly, 61% of PostFinance customers who ventured into cryptocurrencies following the February 2024 launch with Signum were not only first-time crypto investors but also first-time investors in any asset class at PostFinance. This trend mirrored across Sygnum’s other B2B partners, underscores the growing acceptance of digital assets as an accessible and future-proof investment strategy.
The implementation of Markets in Crypto-Assets Regulation (MiCAR) in Europe is anticipated to drive the expansion of regulated digital asset solutions across the 27-country bloc. This clear regulatory framework is set to accelerate the integration of cryptocurrencies into mainstream financial services.
Chief B2B Officer at Sygnum Bank, Fritz Jost, highlighted the impact of recent developments in the crypto space, said:
The introduction of multiple Exchange-Traded Funds (ETFs) for spot Bitcoin and Ethereum has played a prominent part in legitimising the two leading digital assets—bolstering investor confidence in the broader asset class.
Switzerland led the way in crypto adoption, with a rate of 21% in 2023. This surpasses the rates of the UK, Germany, and France combined, showcasing a significant leap in acceptance. The surge can be primarily attributed to Switzerland’s progressive crypto regulations, which ensure legal clarity.
