Oldest Swiss Bank 'Bordier & Cie' Now Permits Its Users To Buy Crypto Assets.

Oldest Swiss Bank 'Bordier & Cie' Now Permits Its Users To Buy Crypto Assets.

2021-02-26 | Mike Hallen

Oldest Swiss Bank 'Bordier & Cie' Now Permits Its Users To Buy Crypto Assets.

Bordier & Cie, a Swiss financial organization operating for over 170 years, reveals its new partnership with digital asset bank Sygnum to permit its users to buy crypto assets. The integration with Sygnum’s B2B banking platform permits Bordier’s clients to get Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], as well as Tezos [XTZ]. The announcement describes the move as “laying the inspiration for a broader offering of regulated virtual asset products and services,” along with options and tokenized asset classes. Bordier managing partner Evrard Bordier explained:
“By partnering with Sygnum Bank, we are offering our clients a one-stop, integrated solution while empowering them to take a position within this new, high growth asset class with complete trust.”
Bordier revealed the move was driven by increasing demand from clients looking to diversify their portfolios with new assets. The firm emphasized the shortage of correlation between the crypto assets and mainstream financial markets, describing cryptocurrency assets as a "powerful tool to reinforce diversification and achieve superior risk-adjusted returns." Bordier & Cie is a Geneva-based private banker founded earlier in 1884, that has been owned and managed by the Bordier family for five generations. The bank’s introduction to digital assets follows that of the many other large institutions looking to adopt crypto assets within this year in 2021

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