Bordier & Cie, a Swiss financial institution, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets.
It has been reported that the integration with Sygnum’s business-to-business banking platform allows Bordier’s clients to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Tezos (XTZ).
However, the announcement describes the move as “lay[ing] the foundation for a broader offering of regulated digital asset products and services,” including options and tokenized asset classes.
Evrard Bordier, the Managing Partner of Bordier, said:
“By partnering with Sygnum Bank, we are providing our clients with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.”
The report said that Bordier noted that the move was driven by increasing demand from clients looking to diversify their portfolios with new assets.
Bordier & Cie now allows clients to purchase and trade crypto assets. https://t.co/cxIZknbady — Cointelegraph (@Cointelegraph) February 26, 2021
Thus, the firm emphasized the lack of correlation between the cryptocurrency and mainstream financial markets, describing crypto assets as a “powerful tool to enhance diversification and achieve superior risk-adjusted returns.”
Source: Cointelegraph