Digital asset banks in the US last week silvergate And Signature’s The interest of crypto startups in Swiss institutions has increased rapidly after the termination of its activities.
Digital asset custodian operating in Zurich sygnum Bank’s chief marketing officer, Dominic Castley, stated that various startups in the crypto industry have requested to work with them:
“As a result of the banking crisis experienced in the past days, we are witnessing that international companies that have accounts in the Arab Emirate and the Middle East flock to our bank to open accounts.”
Castley added that in addition to blockchain initiatives, individuals and asset managers who want to secure their crypto investment also want to make deposits. The bank manager emphasizes that they are considering expanding their customer service department as a result of increasing demand.
US Customers Not Accepted!
Syngum Bank executive Dominic Castley explained that as per corporate policy, they do not accept crypto funds from US startups and individuals. The increasing pressure of the world giant on blockchain companies is preventing the financial sector from accepting it.
“Syngum has been serving customers in the US since 2017 to sustain their marketing goals.”
The Swiss digital asset bank is also active in Singapore. syngumrecently announced that it has opened a new center in the Middle East region after getting approval from institutions from Abu Dhabi.
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