Bank Syz, which manages 30 billion dollars of deposits in Switzerland, one of the financial centers of the world, announced that it will establish a new crypto department.
Bank Syz, one of the leading banks in the country, plans to offer trading and storage services to its customers through its crypto department. Valerie Noel, Head of Commerce at Bank Syz, made the following statement after the new department announcement:
“With our new digital asset department, we aim to provide our customers with one-stop access to a variety of financial instruments. That’s why we are building a bridge between traditional finance and decentralized finance (DeFi).”
According to the announcement made by Bank Syz, customers will be able to trade Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and Chainlink (LINK) through the new crypto department. Customers will also have the opportunity to store their cryptocurrencies with bank assurance.
Bank Syz CIO (Chief Investment Officer) Charles-Henry Monchau mentioned that investors will be able to access digital assets more risk-free with bank assurance. Monachu stated that he is pleased to see the traditional and digital asset finance world appear as a whole thanks to Syz Crypto.
In recent years, investors’ demand for the crypto money market pushes banks to make new initiatives in this regard. Many traditional financial institutions such as Robinhood in the USA, Revoult in the UK and Itau from Brazil have started to provide crypto services in recent years.