PostFinance, a Swiss financial services company owned by the government, has partnered with digital assets bank Sygnum to provide regulated crypto services to its customers. The partnership will allow PostFinance’s customers, which number more than 2.5 million, to purchase, store, and sell cryptocurrencies such as Bitcoin and Ethereum. According to Sygnum, PostFinance identified a strong demand for digital investment services among its customers.
PostFinance will also be able to provide revenue-generating services such as crypto staking, a process of locking crypto assets for a set period to earn rewards.
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Sygnum’s staking offerings include Ethereum, Cardano, Internet Computer, and Tezos. The digital assets bank’s B2B banking solution allows existing financial institutions to provide crypto products and services, and PostFinance joins more than a dozen of the platform’s other banking partners. PostFinance Chief Investment Officer Philipp Merkt said the partnership with Sygnum would allow customers to access digital assets through their trusted bank.
Switzerland is a global leader in the crypto and blockchain space. The country has been proactive in creating a supportive regulatory environment, which has attracted many companies to establish their headquarters in the country. Sygnum has received regulatory approval in Switzerland to offer a wide range of crypto services, including trading, custody, and lending.
The company recently expanded its offering to include tokenized asset trading on its platform. PostFinance is just one of the many Swiss financial institutions partnering with Sygnum to offer regulated crypto services.
