Bison Bank’s crypto subsidiary partners with Sygnum to enter crypto market

Lisbon/Zurich, 17 January 2023 – Bison Digital Assets, Bison Bank’s crypto subsidiary licensed by Banco de Portugal, has partnered with Sygnum Bank to enter the global crypto market with regulated digital asset custody and trading services.

  • Strategic partnership consolidates Bison Bank’s plan of bridging traditional finance and digital assets by enabling Bison Digital Assets’ end-clients to conveniently buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ether (ETH)
  • Sygnum’s B2B platform offers Bison Digital Assets fast, modular access to Sygnum’s entire suite of regulated digital asset services
  • Bison Digital Assets is Sygnum’s first European B2B banking client, joining 15 already on the platform

Bison Digital Assets, Bison Bank’s crypto subsidiary, announces a strategic partnership with Sygnum that empowers its end-clients to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ether (ETH) in a fast, cost-effective manner. This future-proofs Bison Digital Assets’ offering, enabling the capture of more Share-of-Wallet from existing customers along with additional market share via access to the global crypto market.

Bison Digital Assets is the first ‘Virtual Asset Service Provider’ (VASP) in Portugal, fully owned by a bank, to receive approval from the Portuguese regulator, Banco de Portugal. It is also one of the few in Europe.

Bison Bank leverages Bison Digital Assets to securely hold customer digital assets and create a regulated bridge between the traditional and crypto finance worlds. Partnering with Sygnum is part of its strategic goal to deliver best-in-class services to crypto activated investors, institutions and High Net Worth Individual (HNWI) clients.

Sygnum’s B2B banking already enables 15 partners to create a regulated digital asset footprint under their own brand and retain full control of their client relationships. This expanded offering is underpinned by Sygnum’s and Bison Digital Assets’ robust compliance processes. Sygnum’s operational efficiency, as well as its ability to hold client crypto assets off balance sheet, will help minimise risk.

“Financial institutions must adhere to the highest regulatory, compliance and security standards when offering cryptocurrencies to their client base. We are proud to partner with Sygnum and leverage their crypto-native expertise and established track record as we take our first steps in the digital asset market.”

António Henriques, Bison Digital Assets’ CEO

“The ability for banks to innovate and continually expand client choice is key for them staying competitive and being future ready. Our B2B platform enables this at speed and with full compliance for Bison Digital Assets. This represents another trusted node in the expanding European crypto ecosystem, and we look forward to partnering with banks and bank-backed VASPs that empower their end-clients to invest in crypto with complete trust”.

Fritz Jost, Sygnum’s Chief B2B Officer

ENDS

About Bison Digital Assets
Bison Digital Assets is the first Virtual Asset Service Provider licensed by the Bank of Portugal, fully owned by a Portuguese Bank. Our goal is to bridge cryptocurrency and traditional finance through a secure and regulated environment. Bison Digital Assets is a virtual asset platform for individuals and institutions owned by Bison Bank that offers a reliable service for this new asset class. The product offering consists of Custody and Exchange of Digital Assets.

Media contact
Diogo Brás, Chief Crypto Business Officer
T: +351 91 625 34 24
E: [email protected]

Disclaimer: Bison Digital Assets, S.A. (“Company”) is a Portuguese virtual asset service provider, licensed by Bank of Portugal. The Company’s products and services are exclusively offered in Portugal and, where applicable, in other EU countries under the free provision of services. We do not promote, market, or solicit its products and services in other jurisdictions, including, but not limited to, the United States. Any information contained herein is provided for information purposes only, and does not constitute either an offer, invitation, inducement, or a solicitation to buy or sell any services or products nor is it a recommendation for investment product. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make an assessed decision.

This document consists on a presentation of Bison Digital Assets, which is merely informative and should not be considered as an offer or proposal of services or products by Bison Digital Assets. Any person who at any time intends to subscribe Bison Digital Assets services or products must do so on only on the basis of its own judgement as to the merits or suitability of such services or products, having into consideration any professional or other advice it deems necessary or appropriate, and not based on the information contained in this document. The information contained herein should be read in conjunction with all other publicly available information.

About Sygnum Bank
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services. In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit www.sygnum.com.

Media Contact:
E: [email protected]

Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zurich
Switzerland

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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