While crypto companies in the United States are fleeing to more favorable jurisdictions, traditional financial institutions elsewhere are increasingly tapping the digital asset space. In the latest development, Swiss government-owned retail bank PostFinance partnered with Sygnum to offer its customers a range of regulated digital asset banking services.

According to the official announcement, PostFinance customers will be able to buy, store, and sell leading cryptocurrencies such as Bitcoin and Ethereum via Sygnum’s B2B banking platform.

PostFinance revealed analyzing its customers’ investment needs and observed a strong demand for digital investment services. By utilizing Sygnum’s B2B banking platform, the 117-year-old financial services unit of Swiss Post will integrate this new offering into its existing infrastructure starting from the launch.

The press release further explained that the partnership will allow PostFinance to introduce new revenue-generating services, such as staking, in addition to a range of cryptocurrencies. Being a fully regulated digital asset specialist with a Swiss banking license, Sygnum is one of the few banks in the world that can provide a secure bridge between traditional finance and digital assets.

(by Chayanika Deka)