Bordier & Cie, a Swiss financial institution with more than 170 years of experience, has announced a partnership with Digital Asset Bank Sygnum to enable its customers to purchase cryptocurrencies.
Integration with Sygnum’s business banking platform allows Bordier customers to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Tezos (XTZ).
The statement describes the move as “laying the groundwork for a broader set of products and services related to structured digital assets,” including coded options and asset classes. Bordier Managing Partner Evrard Bordier said:
“By partnering with Sygnum Bank, we are providing our clients with a complete shutdown solution while giving them the opportunity to invest in the new high growth asset class with complete confidence.”
Bourdieu noted that the move was driven by increased demand from clients looking to diversify their portfolios with new assets. The company highlighted the lack of a relationship between cryptocurrencies and the mainstream financial markets, describing cryptocurrencies as “a powerful tool for improving diversification and achieving superior risk-adjusted returns.”
Bordier & Cie is a private bank in Geneva, established in 1884, and has been owned and operated by the Bordier family for five generations. The bank’s introduction to cryptocurrencies comes from the experience of many other large institutions wanting to introduce cryptocurrency in 2021.