Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative
The regulated Swiss bank said it is working on developing a standard for cryptocurrency payments between members of the OpenVASP association.
The Swiss firm plans to expand into the Middle East and Asia and offer services for U.S. institutional clients.
The regulated Swiss firm is now eyeing a dual listing of shares in Switzerland and Singapore in partnership with the SIX Digital Exchange.
The BTCetc bitcoin ETP (BTCE) tracks the price of bitcoin and is physically backed.
The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers.