Bison Bank’s crypto subsidiary based in Portugal uses Sygnum’s white label platform

“Financial institutions must adhere to the highest regulatory, compliance and security standards when offering cryptocurrencies to their client base. We are proud to partner with Sygnum and leverage their crypto-native expertise and established track record as we take our first steps into the digital asset market.”

Bison Digital Assets has partnered with Sygnum Bank to leverage its B2b platform to encourage end clients to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ether (ETH).

Bison Bank’s crypto subsidiary is the first ‘virtual asset service provider’ (VASP) in Portugal that is fully owned by the bank. It has been approved by the Portuguese regulator, Banco de Portugal. It is also one of the few in Europe.

The Hong Kong-based bank uses a Portugal-based crypto entity, Bison Digital Assets, to securely hold clients’ digital assets and create a regulated bridge between the traditional and crypto-finance worlds.

Bison Digital Assets serves individual investors, institutions and HNWIs

The partnership with Sygnum is part of its strategic goal of providing best-in-class services to crypto-enabled investors, institutions and high-net-worth (HNWI) clients.

The B2B platform enables capturing a larger share of wallet from existing customers along with additional market share through access to the global crypto market, the company explained.

Sygnum’s B2B banking platform already enables 15 partners to create a regulated footprint of digital assets under their own brand and retain full control over customer relationships.

Sygnum offers a white label platform to banks and bank-backed VASPs

António Henriques, Chief Executive Officer at Bison Digital Assets, commented: “Financial institutions must adhere to the highest regulatory, compliance and security standards when offering cryptocurrencies to their client base. We are proud to partner with Sygnum and leverage their crypto-native expertise and established track record as we take our first steps into the digital asset market.”

Fritz Jost, Chief B2B Officer at Sygnum Bank, said: “Banks’ ability to innovate and continuously expand customer choice is essential to remain competitive and future-ready. Our B2B platform enables this quickly and with full compliance for Bison Digital Assets. This represents another trusted hub in Europe’s growing crypto ecosystem and we look forward to partnering with banks and bank-backed VASPs to enable their end customers to invest in crypto with complete confidence.”

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