Zuger Kantonalbank expands its crypto offering with Sygnum Bank

Zurich, 17 March 2025 – Zuger Kantonalbank partners with Sygnum, a global digital asset banking group, to further expand its token offering with Cardano (ADA) and Avalanche (AVAX).

  • New tokens latest addition to regulated offering including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and other leading protocols
  • Crypto trades executed using Zuger Kantonalbank’s e-banking or mobile app
  • Expanded offering in response to increased customer demand driven by growing US and EU regulatory clarity and newly established US Strategic Bitcoin Reserve
  • Zuger Kantonalbank was the first Swiss cantonal bank to offer a secure, regulated cryptocurrency offering in 2023
  • Client assets secured by Sygnum’s institutional-grade custody platform featuring multi-layer security, software and hardware controls, governance and external audits

In addition to Cardano (ADA) and Avalanche (AVAX), Zuger Kantonalbank’s crypto offering includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Polygon (POL), Litecoin (LTC) and Uniswap (UNI). Sygnum’s fiat-digital asset gateway enables Zuger Kantonalbank customers to conveniently leverage their fiat balances to buy and trade cryptocurrencies via Zuger Kantonalbank’s e-banking and mobile banking app.

Sygnum’s B2B platform provides access to an expanding range FINMA-regulated banking products and services from one entry point. Sygnum’s 20+ network of banks and international financial institutions now provide access to regulated cryptocurrencies for more than a third of the Swiss population.

Crypto assets are secured in Sygnum’s institutional-grade custody platform which features a multi-layer security framework integrating software and hardware controls, governance and external audits. Client assets are held off-balance sheet and bankruptcy remote, mitigating counterparty risk towards Sygnum.

Zuger Kantonalbank’s expanded offering is in response to increased customer demand for its mobile-friendly crypto trading service launched in 2023. The timing also aligns with growing regulatory clarity and adoption in Europe with the new Market in Crypto Assets Regulation (MiCA), and with the newly established Strategic Bitcoin Reserve in the US.

Jan Damrau, Head of Corporate Management and Member of the Zuger Kantonalbank Executive Board, says: “The addition of Cardano and Avalanche to our growing cryptocurrency offering enables our clients to further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption. We are proud to continue our partnership with Sygnum to expand our customer offering and deliver our future roadmap.”

Fritz Jost, Sygnum Bank Chief B2B Officer, adds: “The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum. We are committed to empowering more banks and financial institutions to build, launch and continually expand regulated crypto asset services under their own brand – backed at all times by the peace of mind given by Sygnum’s bank-grade security.”

About Zuger Kantonalbank
Zuger Kantonalbank founded in 1892 is the leading financial institution in the economic region of Zug. It is a public limited company under special law listed on the Swiss stock exchange. The canton of Zug is the majority shareholder, holding slightly over half of the shares, while the remainder are spread among approximately 11’000 private shareholders. With a total of 14 branches throughout the canton of Zug and around 580 employees, Zuger Kantonalbank offers the entire range of universal bank services. As of 31 December 2024, Zuger Kantonalbank had total assets of around CHF 19 billion. www.zugerkb.ch

About Sygnum
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, tokenization and B2B services.
In Switzerland, Sygnum holds a banking license 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 and is registered in Liechtenstein.

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 sygnum.com and follow us on LinkedIn and X.

Media Contact:
Dominic Castley, Chief Marketing Officer
[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.

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