Syz Crypto: Bank Syz Selected Taurus for Its New Digital Asset Offeringby Fintechnews Switzerland December 12, 2022
Bank Syz has collaborated with Taurus to launch its new digital asset offer Syz Crypto. It will cover the safekeeping and trading of digital assets to the Bank’s private, professional and institutional clients.
Concretely, the Bank has integrated Taurus-PROTECT, a technology that allows the custody of digital assets such as cryptocurrencies, tokenized securities as well as NFTs and Taurus-EXPLORER for the connectivity to >15 blockchain protocols, including Bitcoin (BTC) and Ethereum (ETH) ; which were selected by the bank to launch their services.
Charles-Henry Monchau, Bank Syz CIO said,
“Thanks to our partnership with Taurus, we now offer our clients the convenience of accessing the digital asset world through a regulated custodian with strong investor protection and supervision. Syz Crypto also enables our clients to get a holistic view of their traditional and digital assets in their bank reporting.”
Sebastien Dessimoz, co-founder and managing partner, Taurus said,
“We are delighted to support Bank Syz, a leading innovative private bank with strong convictions in the digital assets space. We are seeing strong traction in Switzerland and Geneva in particular which is becoming a hub in the industry.”
Featured image credit: Edited from Unsplash