Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum
SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.
Custody and trading services for DeFi tokens is the first step, to be followed by a suite of yield-generating products.
The Swiss digital asset bank will follow up with a suite of services for ICP including loans, spot trading and options trading.
Switzerland-based Sygnum Bank is helping institutional clients get staking rewards from the new Ethereum network. And they’re not alone.
The licensed Swiss firm claims to be the first regulated bank to offer returns on its own stablecoin.
Bordier & Cie clients will be able to buy, hold and trade digital assets such as bitcoin, ethereum, bitcoin cash and tezos.