Bank Syz selected Taurus for its new digital asset offering
Geneva, Dec 2022: Bank Syz selected Taurus to launch its digital asset offering. The Bank has integrated Taurus-PROTECT and Taurus-EXPLORER solutions for the secure custody of digital assets and connectivity to different blockchains.
Strategic collaboration live in December
Bank Syz, a leading innovator in Swiss banking, has collaborated with Taurus to launch its new digital asset offer in December: Syz Crypto. It will cover the safekeeping and trading of digital assets to the Bank's private, professional and institutional clients. Concretely, the Bank has integrated (i) Taurus-PROTECT, a technology that allows the custody of digital assets such as cryptocurrencies, tokenized securities as well as NFTs and (ii) Taurus-EXPLORER for the connectivity to >15 blockchain protocols, including Bitcoin (BTC) and Ethereum (ETH) ; which were selected by the bank to launch their services.
Strengthening leadership in Switzerland and Europe with Financial Institutions
With Bank Syz as a new partner, Taurus confirms its leadership in the banking segment with more than 50% market share in Switzerland. Taurus’ technology adapts smoothly to the full spectrum of institutions: from systemic banks to smaller players. Notwithstanding recent market volatility, banks and regulated players continue to demonstrate a strong interest and demand for digital assets - whether for cryptocurrencies (incl. staking) as well as asset tokenisation for which demand continues to surge.
Charles-Henry Monchau, Bank Syz CIO said:
“Thanks to our partnership with Taurus, we now offer our clients the convenience of accessing the digital asset world through a regulated custodian with strong investor protection and supervision. Syz Crypto also enables our clients to get a holistic view of their traditional and digital assets in their bank reporting.”
Sebastien Dessimoz, co-founder and managing partner, Taurus said:
"We are delighted to support Bank Syz, a leading innovative private bank with strong convictions in the digital assets space. We are seeing strong traction in Switzerland and Geneva in particular which is becoming a hub in the industry."
About Syz Group
The Syz Group is a family owned and managed Swiss financial group focused on excellent long-term investment performance, robust risk management, and personal service for clients. Descending from a family that have been entrepreneurs for centuries, the group was co-founded in 1996 by Eric Syz who still leads the firm alongside his two sons and a team of industry experts. Stable and secure – the Syz Group holds substantial equity, at around double Switzerland’s regulatory requirements.
The group serves clients across four main areas:
- Bank Syz offers private clients a genuine alternative to the traditions of Swiss private banking
- Syz Independent Managers offers independent asset managers custody and investment services tailored to meet their clients’ needs.
- Syz Capital offers investors the opportunity to invest alongside the Syz family in hard to access alternative investments such as private markets
- Syz Asset Management primarily invests the assets of Swiss institutional investors in bonds and money market instruments.
Syz clients share the group’s long-term view and focus on building sustainable wealth for the future. Syzgroup.com
