Bordier & Cie SCA, a private Swiss bank founded in 1844, now offers trading of Bitcoin and other cryptocurrencies.
Bordier has associated with Sygnum Bank for the initiative, which means that Sygnum's B2B banking solution has been integrated with Bordier's internal infrastructure.
The integration allows Bordier clients to trade run-only cryptocurrencies. That means Sygnum will not advise Bordier clients on digital assets, but will only provide them with a platform to trade and store their cryptocurrencies.
Evrard Bordier, Bordier's managing partner, said the bank is seeing growing demand from its clients to invest in cryptocurrencies and diversify their portfolios.
Switzerland, in the recent past, has seen various government and private banks enter the crypto space. These include Maerki Baumann & Co., InCore Bank, Basler Kantonalbank, Julius Baer, and others.