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Bordier & Cie, a Swiss monetary establishment working for greater than 170 years, has introduced a partnership with digital asset financial institution Sygnum to permit its prospects to buy crypto property.
The combination with Sygnum’s business-to-business banking platform permits Bordier’s purchasers to buy Bitcoin (BTC), Ether (ETH), Bitcoin Money (BCH), and Tezos (XTZ).
The announcement describes the transfer as “lay[ing] the muse for a broader providing of regulated digital asset services and products,” together with choices and tokenized asset lessons. Bordier managing accomplice Evrard Bordier stated:
“By partnering with Sygnum Financial institution, we’re offering our purchasers with a one-stop, built-in resolution whereas empowering them to speculate on this new, excessive progress asset class with full belief.”
Bordier famous the transfer was pushed by growing demand from purchasers seeking to diversify their portfolios with new property. The agency emphasised the shortage of correlation between the cryptocurrency and mainstream monetary markets, describing crypto property as a “highly effective software to reinforce diversification and obtain superior risk-adjusted returns.”
Bordier & Cie is a Geneva-based non-public banker based in 1884, that has been owned and managed by the Bordier household for 5 generations. The financial institution’s introduction to crypto follows that of many different massive establishments seeking to undertake cryptocurrency in 2021.
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