Banks offer crypto: Why doesn’t yours?

Sai Agnikhotram, Fritz Jost and Simon Kühne
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Sai Agnikhotram: Sygnum Bank, Switzerland
Fritz Jost: Sygnum Bank, Switzerland
Simon Kühne: Sygnum Bank, Switzerland

Journal of Digital Banking, 2023, vol. 8, issue 2, 118-131

Abstract: This paper shares the perspective of market practitioners who are enabling regulated digital assets services within an institutional context. The authors represent one of the world’s first banks that has a full, Swiss banking licence and that enables clients to buy, hold and sell cryptocurrencies within a fully regulated set-up. The paper first argues why recent market events indicate a strong demand for regulated digital asset services. More so, these events prove that banks are best positioned to offer them in the close future. This work further explains the unique challenges and opportunities in enabling such an offering within a bank. Finally, the authors highlight a set of product criteria and value drivers that allow for a winning digital asset product offering.

Keywords: digital assets; banking; crypto; crypto banking; digital asset banking (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jdb000:y:2023:v:8:i:2:p:118-131

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