A Historic Partnership
Bordier & Cie, a stalwart in the Swiss financial landscape for over 170 years, has officially entered the world of digital currencies. Their recent alliance with Sygnum, a leading digital asset bank, marks a significant leap towards integrating cryptocurrency into mainstream banking. It’s like watching your grandmother learn how to use a smartphone—exciting and a little nerve-wracking!
What’s on the Menu?
Thanks to this integration, Bordier’s clients can now get their hands on popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Tezos (XTZ). Imagine ordering your coffee and being able to buy a bit of Bitcoin on the side. Sounds too good to be true? Not anymore!
More Than Just Hype
The partnership is not merely about transactions; it’s about laying the groundwork for something larger and more comprehensive. As stated in Bordier’s announcement, the collaboration aims to create a broad spectrum of regulated digital asset products and services, including options and tokenized assets. In other words, it’s preparing for a buffet of opportunities for investors.
“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.” – Evrard Bordier
The Demand is Real
Bordier is responding to a clear shift in client preferences. As the interest in diversifying portfolios with digital assets grows, the bank recognizes the importance of embracing this trend. It’s like finally admitting that pineapple does belong on pizza—some things just need to be accepted!
Enhancing Diversification
One of the key selling points of cryptocurrencies is their potential to improve portfolio diversification and provide superior risk-adjusted returns. Bordier described crypto assets as a “powerful tool” for achieving these goals. So, if you thought you could only rely on stocks and bonds, you’re in for a delightful surprise!
The Road Ahead
Bordier & Cie, with its long-standing legacy of five generations of family management, is now navigating through uncharted waters, joining the ranks of many institutions that have dipped their toes into cryptocurrency in 2021. Where this journey leads will undoubtedly shape the future of wealth management, but for now, it’s a fascinating time to consider what’s next in the world of finance.
