Haider Jamal

Jul 03, 2024

Sygnum And PostFinance Team Up To Improve Crypto Custody And Trading Services

PostFinance, the Swiss government-owned bank, has broadened its cryptocurrency services by introducing trading and custody options for Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT). This development underscores the overall commitment by the bank toward integrating digital assets into its offerings, following an initial collaboration with Sygnum Bank in April 2023.


Meeting Demand

PostFinance clients can now securely purchase, store, and trade major cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Fritz Jost, Chief B2B officer for Sygnum, has highlighted the significant role of the partnership in advancing the local digital asset landscape.

Moreover, the recent announcement of trading and custody services for XRP, AVAX, ADA, SOL, and DOT aims to meet the increasing demand among its 2.5 million customers for diverse cryptocurrency investment options. The inclusion of these assets aligns with a global trend favoring blockchain platforms known for active development, such as Cardano, Solana, and Polkadot, which often exceed Ethereum in GitHub submissions, according to Santiment.


A Global Center

Charles Hoskinson, founder of Cardano, praised PostFinance and their established relationship with Ethereum. PostFinance reiterated its commitment to expanding cryptocurrency services within the rapidly evolving regulatory framework of Switzerland.

Switzerland, renowned for its Crypto Valley in Zug, continues to lead in digital asset adoption, fostering blockchain innovation through progressive regulations. The initiatives by PostFinance exemplify the increasing integration of cryptocurrencies into traditional banking, reinforcing the status of the country as a global center for digital assets.


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