Sygnum, a global digital asset banking group, and Incore Bank, a Swiss B2B transaction bank with an extensive network of banks, financial intermediaries, fintechs and corporates, have announced an expanded partnership aimed at scaling and future-proofing their respective B2B banking networks.
Since 2019, Incore Bank has partnered with Sygnum for regulated traditional securities custody and brokerage, as well as for providing secure custody for Sygnum’s asset management products.
Under the terms of the expanded partnership, Incore Bank will enhance its digital asset services by utilising Sygnum’s modular B2B digital asset platform and institutional-grade services.
Members of the Incore network will also gain early access to new products and secure infrastructure designed to support the adoption of additional asset classes.
Both Sygnum and Incore were among the first Swiss banks to receive FINMA approval for digital asset banking services.
The expansion of accessible digital asset services through both partners’ banking networks is expected to contribute to market depth and the integration of crypto assets into the broader economy.
Fritz Jost, Chief B2B Officer at Sygnum Bank, said:
“Sygnum’s B2B infrastructure provides the security, scalability, and flexibility that the industry needs, as well as the innovative products that end-customers increasingly demand. Being ‘Future Ready’ is essential as the market accelerates, and we are proud to welcome Incore as a partner and to support them to continually expand and enhance their network’s digital asset infrastructure and offering.”
Mark Dambacher, CEO of Incore Bank, said:
“As a recognised B2B service provider for traditional and digital assets, it is our pleasure to expand our partnership with Sygnum as a dynamic global player to our community and partners for traditional asset services. In return, we are excited to broaden our range of crypto asset products by partnering with Sygnum, thereby strengthening Incore Bank’s digital asset offering.”
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
