Lugano has emerged as one of Switzerland’s most important crypto and blockchain hubs. Two Swiss financial institutions have now formed a strategic partnership there. Recently, Lugano, the largest city in the canton of Ticino, expanded its payment options and now accepts cryptocurrencies Bitcoin and Tether for the payment of tax bills and all other municipal fees.
In addition, the southern Swiss city aims to become the leading blockchain metropolis in Europe with its innovative “Plan B”.
Now, crypto bank Sygnum has announced a strategic partnership with Aquila GVM Consulting, one of the largest independent asset managers (EAM) in Lugano. The collaboration enables Aquila GVM to meet the demand for portfolio management with diversification in crypto assets and holistic treasury management solutions for both digital assets and traditional securities.
Sygnum is familiar with the growing crypto trading platform in Lugano and has a growing presence in the EAM, Multi-Family Office (MFO), and B2B banking sectors in the region, according to the announcement.
Globally, the institution already offers a wide range of regulated services for digital assets to more than 50 EAM and MFO through a single access point.
Meanwhile, Beat Magyar, CEO of Aquila GVM Consulting, is convinced that innovation is the key to success and that the partnership offers “access to a growing asset class”.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇨🇠|
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Beat Magyar |
| Companies | Sygnum, Aquila GVM Consulting |
| Currencies | Tether, Bitcoin |
| Securities | None |
