Surging demand for startups’ digital assets infrastructure

Sygnum, a global digital asset group, provides financial institutions with a B2B network platform that enables their end-clients to buy, hold, trade, earn, and transfer cryptocurrencies in a fully regulated environment. The company has been experiencing a wave of updates, with most recently reaching a milestone of 20+ banks and international financial institutions onboarded onto its B2B platform. Among them are PostFinance, ZugerKB, LuzernerKB, VZ Depotbank, PKB, SocGen Forge, Bordier and Bison Digital Assets, representing the full industry spectrum from systemically important and cantonal banks to universal, private, and retail financial institutions.

The partners are leveraging Sygnum’s platform to achieve scale, and collectively empower over a third of the Swiss population to own digital assets with complete trust. Currently, Sygnum’s secure infrastructure and scalable APIs deliver over 1,000 B2B trades per day with 99.9% executed automatically within seconds. The increased European regulatory clarity provided by the incoming Markets in Crypto-Assets Regulation (MiCAR) paves the way for further growth of regulated digital asset solutions in the 27-country block.

Taurus onboards Zand Bank
Taurus, the global leader in digital asset technology for banks to create, custody, and trade any digital assets, has signed a strategic partnership with Zand, the UAE’s first digital bank. Under this agreement, Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its offering in the field of digital assets, including cryptocurrencies, tokenized securities, and digital currencies. Zand will utilize the Taurus-PROTECT wallet solution, ensuring secure storage for cryptocurrencies, NFTs, tokenized securities, and digital currencies and the Taurus-CAPITAL tokenization solution to issue and perform asset servicing for any type of tokenized financial and real-world assets. Zand will be able to deploy and manage the lifecycle of any smart contract standard across both public and private blockchains.

Wecan joins forces with the Arab Bank Switzerland
The Arab Bank Switzerland Group (ABS) joins Wecan Group and the Blockchain Association for Finance, effective this month. The ABS Group is using the Wecan Comply platform to secure the storage, collection, and sharing of compliance data for independent asset managers who are clients of ABS during onboarding, monitoring, and annual reviews. It will also allow the bank to onboard crypto native counterparts more efficiently. This collaboration will optimize compliance processes and facilitate onboarding with financial intermediaries that contribute to Wecan’s success. Moreover, it opens promising prospects for going beyond the traditional boundaries of banking management. According to Philippe Reynier, CEO of Wecan Group, this collaboration confirms the relevance of Wecan’s platform for the traditional financial services world and crypto innovators, all while maintaining the highest compliance standards.

(Press release/RAN)