PostFinance, the banking division of SwissPost, has partnered with digital asset bank Sygnum to offer retail customers the ability to buy cryptocurrencies. PostFinance is one of the largest retail banking providers in Switzerland. It already offers a crypto service to its clients via Swissquote, so this is a switch.
News outlet Swissinfo reported last year that PostFinance was considering taking the crypto offering in-house and wanted to provide a direct offering.
Sygnum says its B2B banking platform will be integrated into PostFinance’s existing infrastructure and will allow PostFinance to offer staking services as well as trading cryptocurrencies.
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