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Sygnum opens bank branch in the metaverse

Updated: Jul 14, 2023

Zurich - Sygnum is the first Swiss bank to open a hub in the metaverse. In doing so, the world’s first digital asset bank will be providing investors with new access to its products from the crypto-powered economy. The launch is planned for September 27.

Sygnum, the world’s first digital asset bank, is the first Swiss bank to open a hub in the metaverse. It will present its Web3 product innovations there. According to a press release, this virtual branch “provides a trusted entry point for investors into the emerging USD 5 trillion crypto-powered metaverse economy”.

Chief Clients Officer at Sygnum, Martin Burgherr, commented: “Metaverse investment is ramping up, powered by crypto-enabled retail transactions and a new generation of users completely at home with socialising, shopping, and working in virtual spaces.” Sygnum is convinced that the metaverse “is evolving into the next iteration of the internet”.

The three-storey bank branch from the “crypto-native financial institution in the metaverse” is located in the virtual equivalent of New York’s Times Square. A video has provided a first glimpse of it. The Web3 portal has a CryptoPunk receptionist, an interactive NFT gallery with curated exhibitions from Sygnum, its clients, and artists, and a space for events and launches. The official launch is planned to take place via a livestream event in Decentraland on September 27 at 11:00 a.m. CET. Sygnum has provided a link for interested parties to be teleported to this public event.

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