Sygnum is setting up a business presence in Lugano in the canton of Ticino, Switzerland. Here, Sygnum is keen to expand its range of services for the growing local customer base of external asset managers, businesses and private investors, as the Zurich and Singapore-based banking group for digital assets writes in a press release.
The bank’s Lugano office is intended to foster closer collaboration both with the city of Lugano itself and its Plan B network, an initiative that seeks to promote the adoption of blockchain technology and stimulate innovation with Plan B’s Bitcoin and digital asset ecosystem. According to Michele Foletti, Mayor of Lugano and President of the Plan B Foundation, Sygnum’s presence “strengthens our shared commitment to making Lugano a key player in blockchain and financial innovation”.
Plan B aims to transform the city’s financial infrastructure by spearheading initiatives ranging from Bitcoin investment pools and sustainable mining all the way through to dedicated educational programs and industry-leading Bitcoin events. The latter includes the Plan B Forum, an international Bitcoin conference taking place on October 25 and 26.
“The launch of our Lugano office marks the next exciting step in Sygnum’s growth journey”, comments Martin Burgherr, Chief Client Officer, before adding: “The region’s long-standing support for digital assets positions it as a prime hub for Bitcoin innovation”.
At the same time, Sygnum has announced the launch of Bitcoin@Sygnum. This company-wide initiative aims to strengthen new partnerships in the Bitcoin ecosystem and provide fresh Bitcoin-related research results and perspectives, in addition to promoting Bitcoin-based products and technology integrations. ce/mm
Blockchain in Greater Zurich
Blockchain in Greater Zurich
The Greater Zurich Area – and with it the world-famous Crypto Valley – has developed into a global hotspot for the blockchain industry. Switzerland’s progressive approach to blockchain regulation coupled with its political and financial stability serve as the perfect ground for Web3 and blockchain companies to flourish.
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