Swiss digital asset banking group Sygnum and Incore Bank, a prominent B2B transaction bank in Switzerland, are amplifying their partnership to enhance the scalability and future viability of their banking networks. Announced jointly on Thursday, the expanded collaboration marks a significant milestone in their shared journey towards redefining the digital assets landscape.
Since 2019, Incore has joined forces with Sygnum for regulated custody and brokerage services of traditional securities, as well as for safeguarding its asset management portfolio. Now, with fresh ambitions on the horizon, the two institutions are poised to broaden their collaboration, promising essential growth opportunities in the ever-evolving financial sector.
Under this extended partnership, Incore Bank will further enrich its digital asset offerings by harnessing Sygnum’s modular B2B platform designed for digital assets and institutional services. This dynamic platform is not just an upgrade—it’s akin to giving a Swiss watchmaker a new toolkit to craft next-gen masterpieces for clients, ensuring precision and innovation.
Members of the Incore network will enjoy early access to groundbreaking products, along with a secure infrastructure tailored to accommodate the next wave of emerging asset classes. “Sygnum’s B2B infrastructure delivers the security, scalability, and flexibility the industry needs, along with innovative products increasingly sought after by end clients,” remarked Fritz Jost, Sygnum’s Chief B2B Officer. This strategy positions both banks at the forefront of an evolving financial revolution.
Both Sygnum and Incore have made history as some of the first banks in Switzerland to receive approval for digital asset banking from the Swiss Financial Market Supervisory Authority (Finma). By expanding access to digital assets, the two partners are not only enhancing market depth but are also integrating crypto assets into the broader economy, ushering in new financial paradigms.
“We are excited to expand our universe of crypto asset products through our collaboration with Sygnum, further strengthening Incore Bank’s digital asset offering,” said Mark Dambacher, CEO of Incore Bank. As enthusiasm swells within the sector, the partnership points to a vibrant future where digital assets become a vital part of everyday finance.
How will the partnership between Sygnum and Incore Bank enhance their offerings?
The collaboration will allow Incore Bank to enrich its digital asset offerings by leveraging Sygnum’s modular platform, enabling more innovative products and services in the growing digital asset landscape.
What does this partnership mean for clients of Incore Bank?
Clients will gain early access to a suite of new products and a secure infrastructure designed for emerging asset classes, making digital assets more accessible and integrated into their financial services.
Why is the approval from Finma significant for both banks?
Receiving approval from the Swiss Financial Market Supervisory Authority positions Sygnum and Incore among the pioneers in digital asset banking, enhancing their credibility and paving the way for broader acceptance of digital assets in the financial ecosystem.
