State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s leading online banks. Swiss Post’s Bank Offers Clients Access to Crypto Assets and Stocks The new application called Yuh is the product of a partnership between Postfinance and the online trading platform Swissquote. The collaboration was established....
Related News
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial services arm of Swiss Post, the state-owned enterprise responsible for Switzerland’s postal and other essential public infrastructure services, is reportedly planning to offer its customers direct access to cryptocurrencies. The Swiss parliament established Postfinance’s predecessor....
Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele. Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country.Some 2.6 million users that currently bank with PostFinance, the fifth largest bank in the country, are expected to be able to buy and sell Bitcoin and other cryptocurrencies through an inhouse trading and custody service in the next two years.As reported by local media outlet Swissinfo, the....
Russian banks tap Bitcoin services abroad while the government at home sees no future for private cryptos. Major private-owned Russian bank Gazprombank has received regulatory approval to launch cryptocurrency custody services through its Swiss subsidiary.According to an official announcement on Oct. 29, the bank scored approval from the country's financial regulator, the Swiss Financial Market Supervisory Authority, to offer crypto custody and trading services to its institutional and corporate clients.Offerings will initially be restricted to a select group of customers with Bitcoin....
On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by Physical Gold Stored at Partner Refineries Switzerland-based crypto bank Seba has introduced a number of new crypto products this year, like adding decentralized finance (defi) tokens to the company’s product....
The Swiss-licensed firm has launched a tokenization service and a trading platform, offering, it says, real-time settlement.