In a strategic move, Sygnum, a prominent digital asset banking group, has opened a new office in Lugano, Switzerland. This location is significant as Lugano is the largest city in the Italian-speaking Canton of Ticino. The office aims to better serve local clients and strengthen ties with the growing Bitcoin and digital asset community.
📣 News: Sygnum Establishes Lugano Office and Launches Bitcoin Initiative to Advance Regulated #Bitcoin Products and Research https://t.co/Mb80XjRyMG
▪️ Sygnum establishes new office in the Plan ₿ HUB in Lugano, Switzerland, to expand client services for growing local client…
— Sygnum Bank (@sygnumofficial) October 24, 2024
New Sygnum Office in Lugano Offers High-Security Bitcoin Custody
With the new facility Sygnum aims at offering a number of services adapted to the Ticino based clients. Relationship Managers will provide one on one service; High security custody and sophisticated trading capabilities in addition to Crypto Lombard Loans. More importantly, all the clients’ assets will be recorded out of the balance sheet to avoid the risks of bankruptcy.
Located inside the Plan ₿ HUB, an office will be created to work closely with the City of Lugano which has already demonstrated a rather friendly approach to cryptocurrency legislation. People living in Lugano can pay their municipal taxes with Bitcoin and also spend it in many stores around the city, which shows that this city is trying to make Bitcoin a regular means of payment.
The Plan ₿ is an initiative set on improving the monetary environment with the help of blockchains. It supports various initiatives, such as Bitcoin investment trusts and sustainable mining initiatives as well as education and awareness, and large-scale events like the Plan ₿ Forum.
Sygnum Launches ₿itcoin@Sygnum Platform Ahead of Plan ₿ Forum
Sygnum’s Chief Client Officer Martin Burgherr said he was looking forward to the office opening, noting the region’s permissive environment for digital advancement. He pointed out that this expansion will deepen Sygnum’s link to the local ecosystem and accelerate the development of digital asset services.
Mayor Michele Foletti warmly welcomed Sygnum’s presence noting that Lugano has been positioning itself as a blockchain center. He said that institutions should be aware of the possibility of financial transformation in the city.
In connection with the Plan ₿ Forum on October 25-26, Sygnum has also started the ₿itcoin@Sygnum platform. The goal of this program is to establish relationships within the Bitcoin environment, to encourage academics, and innovate products. With increasing awareness of Bitcoin investment opportunities, Sygnum is set to unlock the disruptive value of the asset class for the financial industry.
