EQS Group-News: Dynamics Group AG
/ Key word(s): Cryptocurrency / Blockchain/Alliance
PRESS RELEASE Zurich, 23 November 2021 - Sygnum Bank announces that it has onboarded VZ VermögensZentrum, an independent Swiss financial services company listed on SIX Swiss Exchange, as the latest partner for its B2B Banking solution. - VZ VermögensZentrum's partnership with Sygnum Bank enables them to expand their offering with bank-grade, regulated digital asset services - Clients of VZ VermögensZentrum can now securely buy, hold, and trade various leading cryptocurrencies such as Bitcoin, Ethereum and XRP, as well as access a range of regulated asset management services Total cryptocurrency market capitalisation has now reached nearly USD 3 trillion, driven by steadily increasing levels of institutional adoption and regulatory clarity across the globe. The high demand for crypto assets offers opportunities for banks and asset managers to work with trusted, expert partners such as Sygnum to expand their product range and become active in this dynamic asset class. VZ VermögensZentrum's core services are asset management, pension, and estate planning for individuals as well as insurance and pension fund management for companies. This partnership provides VZ VermögensZentrum and their clients with efficient and secure access to a diverse array of digital asset products and services via Sygnum Bank's innovative B2B platform. Because Sygnum is a fully regulated digital asset specialist with a Swiss banking licence, it is one of the very few global banks that can offer a secure bridge between traditional finance and digital assets. According to Fritz Jost, Sygnum Bank's Chief B2B Officer: "We look forward to empowering even more banks to connect to our one-stop-shop modular offering - Custody, Brokerage, Asset Management, Lending and Tokenization. We continue to innovate and foster partnerships such as this to help our partners bridge the gap between the traditional fiat world and regulated digital asset ecosystem." VZ VermögensZentrum joins other Sygnum B2B partners in offering their clients trusted, safe, secure, compliant yet seamless access to cryptocurrencies and digital assets via Sygnum's one-stop-shop B2B banking platform. Able to be delivered in as little as 60 days, it empowers partner banks to create a digital asset footprint under their own brand, supported by the highest standards of compliance and operational efficiency. Marc Weber, CEO VZ Depotbank, says: "VZ VermögensZentrum is always interested in innovative solutions in the field of finance to enhance competitiveness and cater for fast-changing client needs. The cooperation with Sygnum offers us an opportunity to incorporate the company's perspective into the further development of the products on offer and empowering our customers to invest in this new asset class in a convenient, secure and regulated setting."
"We are delighted to have been selected by VZ VermögensZentrum to support the continued digital transformation of its services and client proposition. This represents another trusted partner in the digital asset ecosystem and step forward in our mission to empower everyone, everywhere to own digital assets with complete trust,?" adds Mathias Imbach, Sygnum Bank's Group CEO.
About VZ Group Disclaimer: This document was prepared by Sygnum Bank AG. This document may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Bank AG, its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not intended to be used as a general guide to investing, and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Bank AG makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.
End of Media Release |
1251068 23.11.2021
