Bordier & Cie is a Swiss financial institutional that was founded over 170 years ago, but that doesn’t stop it from keeping up with the times. The bank recently announced a partnership with digital asset bank Sygnum in order to allow its customers to purchase crypto assets.
By working with Sygnum, clients of Bordier can now acquire Bitcoin, Ether, Bitcoin Cash, and Tezos.
The move was described in the announcement as “lay[ing] the foundation for a broader offering of regulated digital asset products and services” as it offers various options and tokenized asset classes.
“By partnering with Sygnum Bank, we are providing our clients with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust,” commented Evrard Bordier, the bank’s managing partner.
Bordier mentioned that the decision came as a result of increased demand from clients who want to diversify their portfolios with various new assets. The bank stressed the lack of correlation between crypto and the mainstream financial markets as it described crypto as being a “powerful tool to enhance diversification and achieve superior risk-adjusted returns.”
Bordier & Cie was founded in Geneva in 1884 and has now been owned and managed by members of the Bordier family for five generations. The bank’s decision to join the crypto sphere adds it to a long list of banks that have already taken this step.