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Sygnum, a global digital asset banking group, and Incore Bank, a Swiss B2B transaction bank, announced an expanded partnership aimed at scaling and future-proofing their digital asset banking networks.
The collaboration builds on a relationship that began in 2019, when Incore partnered with Sygnum to provide regulated custody and brokerage services for traditional securities, as well as secure custody for Sygnum’s asset management products.
Incore will leverage Sygnum’s modular B2B digital asset platform
Under the expanded partnership, Incore will leverage Sygnum’s modular B2B digital asset platform and institutional-grade infrastructure to enhance its digital asset services. Network members within Incore’s ecosystem of banks, financial intermediaries, fintechs, and corporates will gain early access to new products and secure infrastructure designed to support the adoption of emerging asset classes.
Both institutions were among the first banks in Switzerland to receive approval from FINMA to offer regulated digital asset banking services. Their combined networks have been instrumental in increasing trusted access to digital assets and supporting their integration into the broader financial system.
Fritz Jost, Chief B2B Officer at Sygnum Bank, said, “Sygnum’s B2B infrastructure provides the security, scalability, and flexibility that the industry needs, as well as the innovative products that end-customers increasingly demand. Being ‘Future Ready’ is essential as the market accelerates, and we are proud to welcome Incore as a partner and to support them to continually expand and enhance their network’s digital asset infrastructure and offering.”
Mark Dambacher, CEO of Incore Bank, said, “As a highly recognized B2B service provider for traditional and digital assets, it is our great pleasure to expand our partnership with Sygnum, as a truly dynamic global player, to our extensive community and partner for traditional asset services. In return, we are excited to expand our universe of crypto asset products by partnering with Sygnum and herewith strengthen Incore Bank’s digital assets offering.”
The partnership is intended to support continued growth in the institutional adoption of digital assets and to ensure that both banks remain positioned to deliver scalable, secure, and innovative services as the market evolves.
Sygnum hired ex-CFTC Chair as Senior Policy Advisor
Sygnum recently appointed J. Christopher Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), as Senior Policy Advisor. Giancarlo, known for his regulatory leadership and advocacy for digital asset innovation, will support the firm’s strategic growth initiatives and regulatory engagement as digital assets advance toward broader institutional adoption.
During his time at the CFTC, Giancarlo gained recognition for championing open markets, balanced regulation, and the integration of innovative technologies within financial systems. His advocacy efforts before the U.S. Congress on behalf of cryptocurrencies earned him the nickname “Crypto Dad.” Since leaving the CFTC, Giancarlo has remained active in digital asset policy discussions, including recent participation in the White House Digital Asset Summit.
At Sygnum, Giancarlo will work closely with leadership on regulatory affairs, strategic partnerships, and industry collaboration. He will contribute his expertise in market infrastructure and regulation to help the firm assess growth opportunities, including mergers, acquisitions, and cross-border alliances.
Sygnum views the current wave of regulatory reform in the United States as a potential driver of significant global change in the digital asset space. Giancarlo’s appointment is intended to bolster the firm’s ability to navigate shifting policy landscapes and position itself for continued expansion in regulated markets.
Giancarlo joins other members of Sygnum’s Advisory Council, including Philipp Hildebrand, Vice Chair of BlackRock, and Alexander Lipton, Connection Science Fellow at MIT.
Sygnum operates as a global digital asset banking group with regulated entities in Switzerland, Singapore, Abu Dhabi, Luxembourg, and Liechtenstein. The group provides banking, asset management, tokenization, and B2B services to institutional clients, corporates, and blockchain foundations.
