Switzerland’s Zuger Kantonalbank, a leading Swiss cantonal bank, has expanded its cryptocurrency offerings to include Cardano (ADA) and Avalanche (AVAX).
“The addition of Cardano and Avalanche to our growing cryptocurrency offering enables our clients to further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption,” said Jan Damrau, Member of the Zuger Kantonalbank Executive Board.
Importantly, to expand its crypto offering, Zuger Kantonalbank partnered with Sygnum, the popular global digital asset banking group.
In a 17 March 2025 press release the banks said, “in addition to Cardano (ADA) and Avalanche (AVAX), Zuger Kantonalbank’s crypto offering includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Polygon (POL), Litecoin (LTC) and Uniswap (UNI).”
. @ZugerKB_ch partners with Sygnum to further expand its token offering with Cardano (ADA) and Avalanche (AVAX). Fritz Jost, Sygnum Bank Chief B2B Officer, says:
“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with… pic.twitter.com/CTN1I37HPc
— Sygnum Bank (@sygnumofficial) March 17, 2025
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Zuger Kantonalbank Saw Increase In Demand For Diverse Digital Assets
The expansion of Zuger Kantonalbank’s crypto portfolio is driven by increasing customer demand for diverse digital assets. The Swiss bank launched crypto trading service through a mobile-friendly app in 2023.
Fritz Jost, Sygnum Bank Chief B2B Officer commented, “The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.”
Regulatory advancements in Europe, such as the Market in Crypto Assets Regulation (MiCA), as well as the establishment of the Strategic Bitcoin Reserve in the US, have contributed to heightened interest in cryptocurrencies.
“We are committed to empowering more banks and financial institutions to build, launch and continually expand regulated crypto asset services under their own brand – backed at all times by the peace of mind given by Sygnum’s bank-grade security,” added Jost.
The inclusion of Cardano and Avalanche marks another milestone for Zuger Kantonalbank.
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Key Takeaways
- Zuger Kantonalbank initially entered the cryptocurrency space in 2023, becoming the first Swiss cantonal bank to offer regulated crypto trading services.
- The bank’s latest additions of Cardano (ADA) and Avalanche (AVAX) complement an already robust lineup that includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Polygon (POL), Litecoin (LTC), and Uniswap (UNI).
