Swiss bank PostFinance to offer cryptocurrency custody

Swiss financial institution PostFinance has partnered with Sygnum Bank to offer a regulated crypto custody service to its 2.5 million customers. PostFinance becomes the first Swiss bank of systemic relevance to provide trading and custody services for 11 major cryptocurrencies, including Bitcoin and Ethereum.

Over a quarter of the Swiss population, along with more than 15 partner banks and international financial institutions, will benefit from this innovative and secure opportunity to invest in digital assets.

With over 100 billion Swiss francs in assets under management and 1.3 billion payment transactions processed annually, PostFinance is well-positioned to seamlessly integrate cryptocurrencies into its existing infrastructure using Sygnum’s B2B banking platform.

Fritz Jost, Chief B2B Officer of Sygnum Bank, highlights that the collaboration enables over 15 partner banks to offer regulated digital asset services at scale and speed. This partnership not only ensures the future-proofing of their offerings but also enhances their competitive positioning in the market.

Why does it matter?
This initiative has the potential to reshape the financial landscape, making cryptocurrencies easily accessible to a wider audience with the trusted reputation of Swiss banking.