Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services

Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum.

The financial services unit of the national postal service of Switzerland, Postfinance, has joined forces with crypto bank Sygnum to offer a range of digital asset banking services. To achieve that, the bank will employ Sygnum’s B2B (business-to-business) banking platform.

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The official account based on the Bored Ape Yacht Club (BAYC) character, Indigo Herz, confirmed the launch date and revealed that the first moment affecting the dynamic NFTs would occur on April 15. Adidas has selected New York for the physical launch events.

Adidas highlighted that all of its Web3 launches would be hosted on collect.adidas.com. This platform will also enable users to mint the third and final phase of the Into The Metaverse NFT project.

Owning NFTs from Phases 1 or 2 is required for participating in the final phase, even though there are no entry fees.

Users have the option to burn multiple tokens in a single transaction.

Postfinance Partners With Sygnum to Provide Digital Asset Products and Services

The partnership enables the launch and expansion of regulated bank-grade products and services for digital assets, Sygnum said in an announcement published Wednesday. The Switzerland-based fintech company further elaborated:

Postfinance’s customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ethereum.

Postfinance has analyzed the investment needs of its customers and detected strong demand for digital investment services, Sygnum also explained. Its B2B banking platform will allow the Swiss state-owned bank to integrate the new offering into its existing infrastructure.

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