Bordier signs on as Sygnum Singapore’s first B2B partner bank at the Singapore Fintech Festival 

Singapore, 16 November 2023 – The Singapore arm of Bordier & Cie, a leading Swiss private bank founded in 1844, today announces a partnership with Sygnum Singapore to provide digital asset services.

  • The 179-year-old private bank is Sygnum Singapore’s first B2B partner bank 
  • Partnership will allow Bordier to leverage Sygnum’s institutional-grade custody, risk management and off-balance sheet digital assets 

Bordier & Cie (Singapore) is Sygnum Singapore’s first B2B client since the latter received its MAS Major Payment Institutions licence in October 2023 and launched its regulated Digital Payment Token (DPT) brokerage service. 

Globally, Sygnum has enabled the 15+ banks and international financial institutions on its B2B platform access to a wide range of regulated digital asset services from one entry point, to launch at speed and scale on-demand via API. Supported by the highest standards of compliance and dedicated, crypto-native teams, Sygnum Singapore’s B2B partners can offer regulated crypto under their own brand and future-proof their offering.

Evrard Bordier, Bordier & Cie’s Managing Partner and CEO (Singapore) says “Our partnership with Sygnum demonstrates our commitment in bringing innovation and sophistication to our clients at Bordier & Cie. I am confident that this will meet the demand for alternative investments in digital assets. Sygnum’s best in class security and service complement our commitment to deliver the highest levels of client experience in private banking.”

Singapore is Asia Pacific’s top-ranked financial centre2 and second for wealth management globally, being home to over 1,100 single-family offices3. Singapore’s economic growth, coupled with its political stability and international networks, provides significant opportunities for innovative wealth management solutions, particularly in digital assets. Singapore’s global competitiveness in this area is enabled by MAS’ progressive, clear and robust regulatory frameworks in digital assets and blockchain innovation. 

Gerald Goh, Sygnum’s Co-Founder and CEO Singapore says, “From Geneva to Singapore, Bordier & Cie, through this partnership, continues on its 179-year tradition of preserving value for the next generation in a place that shares many of its values. By expanding its Singapore offering with digital assets, it is once again looking to the future for its clients. We are proud to deepen our Bordier partnership which, like Sygnum, is rooted in Swiss and Singapore heritage.” 

ENDS 

About Bordier & Cie
Bordier & Cie (Bordier) is a boutique private bank with over 175 years of expertise in providing bespoke financial services to generations of families around the world. Established in 1844 in Geneva, Switzerland, Bordier is privately-owned and is presently managed by the descendants of its founders.  The managing partners bear unlimited personal liability for all commitments entered into by the bank. As of today, Bordier is the largest Swiss partnership bank.  

Serving as its Asian headquarters, the Singapore office provides private banking, asset management and family office services to high net worth individuals residing across 48 countries. The bank also works with financial institutions as well as independent asset managers by providing banking and investment management capabilities. With its current liquidity ratio of 1270%, the bank far exceeds the local regulators’ requirement ratio of 100%. In addition, the bank’s Tier 1 ratio of over 30% and the absence of non-performing loans attest to its stellar track record as a global private bank.

About Sygnum
Sygnum is the world’s first digital asset bank, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in the digital asset economy with complete trust. Our team enables this via personal, expert service and secure, convenient access to our integrated portfolio of crypto banking, asset management, tokenization and B2B banking services. 

Sygnum is a licenced Swiss bank and is also regulated in the established global financial hubs of Singapore, Abu Dhabi and Luxembourg. We believe that the future has heritage. Our diverse crypto-native team of banking, investment and digital asset technology professionals are building a trusted, regulated bridge between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum is shaping this trusted digital asset ecosystem, please visit www.sygnum.com.

 Media contact:  
Deborah Tan-Pink 
SVP, Marketing & Communications  
T: +65 9236 2670  
E: [email protected]  

Sygnum Pte Ltd 
3 Fraser Street  
#04-22  
DUO Tower  
Singapore 189352

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.

Read next article

Local restrictions – Provision of cross-border services

It looks like you are using a computer with an IP address located outside of Switzerland.
If you are located in Switzerland, please click “Continue” to access the Sygnum Bank AG (Sygnum) website.

If you are not located in Switzerland, please read below.

This website and the information contained herein are addressed solely to persons residing or domiciled in Switzerland.

Sygnum is a regulated bank supervised by the Swiss Market Financial Authority (FINMA). The products and services on this website are authorised in Switzerland. Sygnum cannot promote its products and services in other countries where it is not authorised by the supervisory authority of that country to do so.

If you click on “Continue” to visit this website, you confirm that you have read and understood the above and you are visiting this website on your own initiative without any active promotion or solicitation from Sygnum.

RETURN CONTINUE

Investor qualification

The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

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 authorization 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.

Mandatory fields

Security alert

Stay alert to fraudulent communications. Sygnum will never post messages on social media or private messaging applications regarding Sygnum banking access or logins. If you have concerns, contact us.

Close