The mixing 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 classes. Bordier managing accomplice Evrard Bordier mentioned:
“By partnering with Sygnum Financial institution, we’re offering our purchasers with a one-stop, built-in answer 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 belongings. The agency emphasised the shortage of correlation between the cryptocurrency and mainstream monetary markets, describing crypto belongings as a “highly effective device to reinforce diversification and obtain superior risk-adjusted returns.”
Bordier & Cie is a Geneva-based personal 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 large institutions looking to adopt cryptocurrency in 2021.