Sygnum, a global digital asset banking group and Incore Bank, the leading Swiss B2B transaction bank with a significant network of banks, financial intermediaries, fintechs and corporates, announce an expanded partnership focused on scaling and future-proofing their respective B2B banking networks.

Since 2019, Incore Bank has been one of Sygnum’s partners for regulated traditional security custody and brokerage, as well as for providing secure custody for its portfolio of Asset Management products.

In a new expanded partnership, Incore Bank is strengthening and expanding its digital asset offering by leveraging Sygnum’s modular B2B digital asset platform and institutional-grade services. Incore network members will also receive early access to innovative new products and secure, future-proof infrastructure to cater for the next wave of asset class adoption.

Sygnum and Incore were among the first banks in Switzerland to receive FINMA approval for digital asset banking services. The rapidly expansion of trusted access to digital assets, made possible by both partner’s respective banking networks, is significantly contributing to the trusted access, market depth and integration of crypto assets into the broader economy.

Fritz Jost, Chief B2B Officer at Sygnum Bank, says, “Sygnum’s B2B infrastructure provides the security, scalability, and flexibility that the industry needs, as well as the innovative products that end-customers increasingly demand. Being ‘Future Ready’ is essential as the market accelerates, and we are proud to welcome Incore as a partner and to support them to continually expand and enhance their network’s digital asset infrastructure and offering.”

“As highly recognized B2B service provider for traditional and digital assets it is our great pleasure to expand our partnership with Sygnum as truly dynamic global player to our extensive community and partner for traditional asset services. In return, we are excited to expand our universe of crypto asset products by partnering with Sygnum and herewith strengthen Incore Banks digital assets offering,” says CEO of Incore Bank, Mark Dambacher.