Banking services for the 1INCH token are now available at Sygnum Bank
1INCH will be among leading DeFi tokens, for which Sygnum offers institutional-grade custody and regulated trading.
As the 1inch Network moves to offer its solutions to a wider range of users, its 1INCH governance and utility token is now also available at Swiss bank Sygnum.
At the initial stage, Sygnum clients will be able to invest directly in several DeFi tokens, including 1INCH, and access a full suite of banking services, such as institutional-grade custody, transfer and trading services. At later stages, Sygnum will offer a suite of DeFi yield-generating products and services across its banking, as well as asset management offering, and develop custom solutions for its clients with selected DeFi partners.
Sygnum, the world’s first digital asset bank and a digital assets specialist with global reach, uses distributed ledger technology (DLT) to systematically and holistically embed digital assets into regulated banking.
Sygnum has focused substantially on digital assets in a bid to create new business opportunities and transform the financial industry, combining the security provided by a regulated bank with the tech-driven innovation and agility of a global digital asset specialist.
“The innovations in the DeFi space have the potential to transform many of the existing traditional use cases in the financial industry,” says Thomas Eichenberger, Head of Business Units at Sygnum Bank. “They also offer opportunities to build and create new, cutting-edge digital asset products and services offering very attractive return profiles for our clients, especially in a continued low interest environment.”
“As Sygnum is a genuine trendsetter of the modern banking world, we believe this partnership will bring great value for both counterparts,” says Sergej Kunz, co-founder of 1inch Network. “For private qualified and institutional clients, Sygnum becomes a convenient gateway to the enormous DeFi market with lots of new opportunities!”
Meanwhile, more exciting partnerships and integrations are coming. Stay tuned!