Bank Syz is to offer cryptocurrency custody and trading services to its growing Swiss and international client base.
In a statement on 5 December it said the new setup enables the safekeeping and trading of four major cryptocurrencies for clients: Bitcoin (BTC), Ether (ETH), Polygon (MATIC) and Chainlink (LINK).
In launching its new offering, ‘Syz Crypto', Bank Syz has selected Taurus, the European digital asset infrastructure for banks, and its custody solution Taurus-Protect, to secure its clients' cryptocurrencies.
It further said it has also "created a team of dedicated experts to ensure its clients' digital assets are handled with the same level of care and professionalism as traditional assets. As a regulated Swiss Private Bank with a solid rating in one of the banking environments with the highest regulatory standards in the world, Bank Syz offers levels of security and accountability that go beyond the reach of many non-bank cryptocurrency specialists".
Charles-Henry Monchau, Bank Syz CIO said: "Thanks to our partnership with Taurus, we now offer our clients the convenience of accessing the digital asset world through a regulated custodian with strong investor protection and supervision. Syz Crypto also enables our clients to get a holistic view of their traditional and digital assets in their bank reporting."
Valérie Noël, Head of Trading at Bank Syz added: "Bank Syz is among the most innovative Swiss private banks. With our new digital assets solution, we can offer a consolidated "one-stop shop" access to a broad range of financial instruments to clients. We are hence building a bridge between traditional and decentralised finance."
