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Steffen Rossberg, Head of Banking Entris Banking and Mark Dambacher, CEO InCore Bank (l-r)

InCore BankCorporate News

Entris Banking selects Digital Asset Banking Services from InCore Bank

Entris Banking AG and InCore Bank AG are now working together in the area of Digital Asset Banking ServicesEntris Banking AG is the first bank with a central bank function in the Swiss financial center to receive FINMA approval for the distribution of digital assets. The first bank in this group's customer base will start using the new Digital Asset Banking Services in the first quarter of 2023. Other Entris banks will follow.

Download PDF: Press Release (EN) Press Release (DE)
View on: finews (DE), moneycab (DE), finanznachrichten (DE)

Growing demand for digital assets
Digital assets are gaining importance as payment and investment assets, playing an increasingly significant role as a supplement to traditional asset classes for selected clients. With this in mind, Entris Banking has chosen to launch InCore Bank's Digital Asset Banking Services for its client banks. Through the services provided by InCore Bank, Entris Banking clients can trade cryptocurrencies and benefit from a highly secure, Swiss-based custody solution. As part of a broad evaluation and analysis, Entris Banking has chosen InCore Bank as its partner.

«As a service provider for small and medium-sized banks in Switzerland, our goal is to strengthen the profitability and professionalism of our client banks. For some time now, we have been observing an increasing interest in digital assets and want to support our clients in this new asset class. With InCore Bank we found the perfect partner for this project. Now our clients can benefit from secure and easy access to trading and custody of digital assets», says Steffen Rossberg, Head of Banking at Entris Banking.

The services are offered to Entris Banking client banks fully integrated into the existing system landscape, connected to InCore Bank's Digital Asset Platform, and provide a seamless interface between the core banking systems and the world of  digital assets. The high level of automation makes the process highly efficient for Entris Banking clients – from e-banking to asset statements.

«We are proud that Entris Banking has chosen us as a cooperation partner», said Mark Dambacher, CEO of InCore Bank. Digital assets are an important part of our strategy and we aim to be on the forefront in developing services related to distributed ledger technology, cryptocurrencies and tokens.»