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Dynamics Group AG / Key phrase(s): Cryptocurrency / Blockchain/Settlement
Bison Financial institution’s crypto subsidiary companions with Sygnum to enter crypto market
17.01.2023 / 09:00 CET/CEST
PRESS RELEASE
Bison Financial institution’s crypto subsidiary companions
with Sygnum to enter crypto market
Lisbon/Zurich: 17 January 2023 – Bison Digital Property, Bison Financial institution’s crypto subsidiary licensed by Banco de Portugal, has partnered with Sygnum Financial institution to enter the worldwide crypto market with regulated digital asset custody and buying and selling providers.
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Strategic partnership consolidates Bison Financial institution’s plan of bridging conventional finance and digital property
by enabling Bison Digital Property’ end-clients to conveniently purchase, promote and maintain cryptocurrencies like Bitcoin (BTC) and Ether (ETH) -
Sygnum’s B2B platform gives Bison Digital Property quick, modular entry to Sygnum’s complete suite of regulated digital asset providers
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Bison Digital Property is Sygnum’s first European B2B banking shopper, becoming a member of 15 already on the platform
Bison Digital Property, Bison Financial institution’s crypto subsidiary, pronounces a strategic partnership with Sygnum that empowers its end-clients to purchase, promote and maintain cryptocurrencies like Bitcoin (BTC) and Ether (ETH) in a quick, cost-effective method. This future-proofs Bison Digital Property’ providing, enabling the seize of extra Share-of-Pockets from present prospects together with further market share through entry to the worldwide crypto market.
Bison Digital Property is the primary ‘Digital Asset Service Supplier’ (VASP) in Portugal, absolutely owned by a financial institution, to obtain approval from the Portuguese regulator, Banco de Portugal. Additionally it is one of many few in Europe.
Bison Financial institution leverages Bison Digital Property to securely maintain buyer digital property and create a regulated bridge between the standard and crypto finance worlds. Partnering with Sygnum is a part of its strategic aim to ship best-in-class providers to crypto activated buyers, establishments and Excessive Internet Value Particular person (HNWI) shoppers.
Sygnum’s B2B banking already allows 15 companions to create a regulated digital asset footprint below their very own model and retain full management of their shopper relationships. This expanded providing is underpinned by Sygnum’s and Bison Digital Property’ sturdy compliance processes. Sygnum’s operational effectivity, in addition to its skill to carry shopper crypto property off steadiness sheet, will assist minimise danger.
António Henriques, Bison Digital Property’ CEO, feedback “Monetary establishments should adhere to the best regulatory, compliance and safety requirements when providing cryptocurrencies to their shopper base. We’re proud to companion with Sygnum and leverage their crypto-native experience and established observe document as we take our first steps within the digital asset market.”
“The flexibility for banks to innovate and regularly broaden shopper selection is essential for them staying aggressive and being future prepared. Our B2B platform allows this at velocity and with full compliance for Bison Digital Property. This represents one other trusted node within the increasing European crypto ecosystem, and we look ahead to partnering with banks and bank-backed VASPs that empower their end-clients to put money into crypto with full belief” says Fritz Jost, Sygnum’s Chief B2B Officer.
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About Bison Digital Property:
Bison Digital Property is the primary Digital Asset Service Supplier licensed by the Financial institution of Portugal, absolutely owned by a Portuguese Financial institution. Our aim is to bridge cryptocurrency and conventional finance by way of a safe and controlled surroundings. Bison Digital Property is a digital asset platform for people and establishments owned by Bison Financial institution that gives a dependable service for this new asset class. The product providing consists of Custody and Change of Digital Property.
Media contact:
Diogo Brás, Chief Crypto Enterprise Officer
T: +351 91 625 34 24
E: dbras@bisonbank.com
Disclaimer:
Bison Digital Property, S.A. (“Firm”) is a Portuguese digital asset service supplier, licensed by Financial institution of Portugal. The Firm’s services are solely provided in Portugal and, the place relevant, in different EU nations below the free provision of providers. We don’t promote, market, or solicit its services in different jurisdictions, together with, however not restricted to, america. Any info contained herein is supplied for info functions solely, and doesn’t represent both a proposal, invitation, inducement, or a solicitation to purchase or promote any providers or merchandise neither is it a advice for funding product. When investing choice, you need to both conduct your personal analysis and evaluation or search recommendation from an knowledgeable to make an assessed choice.
This doc consists on a presentation of Bison Digital Property, which is merely informative and shouldn’t be thought-about as a proposal or proposal of providers or merchandise by Bison Digital Property. Any one who at any time intends to subscribe Bison Digital Property providers or merchandise should achieve this on solely on the premise of its personal judgement as to the deserves or suitability of such providers or merchandise, having into consideration any skilled or different recommendation it deems mandatory or applicable, and never primarily based on the knowledge contained on this doc. The knowledge contained herein ought to be learn at the side of all different publicly obtainable info.
About Sygnum
Sygnum is the world’s first digital asset financial institution, and a digital asset specialist with international attain. With Sygnum Financial institution AG’s Swiss banking licence, in addition to Sygnum Pte Ltd’s capital markets providers (CMS) licence in Singapore, Sygnum empowers institutional and personal certified buyers, corporates, banks, and different monetary establishments to put money into the digital asset financial system with full belief. Sygnum operates an independently managed, scalable, and future-proof regulated banking platform. Our interdisciplinary staff of banking, funding, and Distributed Ledger Know-how (DLT) specialists is shaping the event of a trusted digital asset ecosystem. The corporate is based on Swiss and Singapore heritage and operates globally. To be taught extra about Sygnum, please go to www.sygnum.com.
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Disclaimer
This doc was ready by Sygnum Financial institution AG. This doc could include ahead trying statements and could also be topic to alter. The opinions expressed herein are these of Sygnum Pte Ltd, its associates, and companions on the time of writing. The doc is for informational functions solely and comprises basic materials. It’s to be used by the recipient solely. It doesn’t represent any recommendation or advice, a proposal or invitation by or on behalf of Sygnum Pte Ltd to buy or promote property or securities. It’s not meant for use as a basic information to investing, and ought to be used for informational functions solely. When investing choice, you need to both conduct your personal analysis and evaluation or search recommendation from an knowledgeable to make a calculated choice. The knowledge and analyses contained on this doc have been compiled from sources believed to be dependable. Nevertheless, Sygnum Pte Ltd makes no illustration as to its reliability or completeness and disclaims all legal responsibility for losses arising from using this info.
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