The latest integration with Sygnum’s business-to-business banking platform will enable Bordier’s clients to buy and trade in Ether (ETH), Bitcoin (BTC), Tezos (XTZ), and Bitcoin Cash (BCH). According to the announcement, this move is “lay[ing] the foundation for a broader offering of regulated digital asset products and services,” including options and various tokenized asset classes.
Bordier managing partner Evrard Bordier mentioned:
“By partnering with Sygnum Bank, we are providing our clients with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.”
Bordier noted that this move was inspired by increasing demand from the clients seeking to diversify their portfolios with new assets. The company also insisted on the lack of correlation between the crypto and mainstream financial markets. It went on to describe the crypto assets as a primarily powerful tool that has the potential to enhance diversification and essentially achieve superior risk-adjusted returns.
Bordier & Cie is a Geneva-based private banker that was launched in 1884. It has always been owned and managed by the Bordier family for five generations. Notably, the bank’s introduction to crypto follows that of many other big institutions seeking to adopt crypto in 2021.