Sygnum and Incore Shape the Future of Digital Asset Banking
Digital asset banking group Sygnum, which also maintains a presence in Singapore, and Incore Bank, a leading Swiss B2B transaction bank, are deepening their partnership to boost the scalability and long-term viability of their B2B banking networks.
Since 2019, Incore has partnered with Sygnum in the regulated custody and brokerage of traditional securities as well as the safekeeping of its portfolio of asset management products. Now, the two institutions are expanding their collaboration, they announced jointly on Thursday.
As part of this extended partnership, Incore Bank will strengthen and broaden its digital asset offering by leveraging Sygnum’s modular B2B platform for digital assets and institutional services.
Next Wave
Members of the Incore network will also gain early access to innovative new products and to a secure, future-ready infrastructure designed for the next wave of emerging asset classes.
«Sygnum’s B2B infrastructure delivers the security, scalability, and flexibility the industry needs, along with the innovative products increasingly demanded by end clients», Fritz Jost, Chief B2B Officer at Sygnum Bank, said.
Swiss Pioneers
Sygnum and Incore were among the first banks in Switzerland to receive approval for digital asset banking from the Swiss Financial Market Supervisory Authority (Finma).
By expanding trusted access to digital assets, the two partners are making a significant contribution to market depth and to the integration of crypto assets into the broader economy, they noted.
Strong Enthusiasm
«We are excited to expand our universe of crypto asset products through our collaboration with Sygnum, further strengthening Incore Bank’s digital asset offering», Mark Dambacher, CEO of Incore Bank, said.
