The Lucerne cantonal bank (LUKB) has recently[i] joined forces with the digital asset bank Sygnum and two tech companies namely Wyden and Fireblocks for the integration of a multi-faceted solution for the trading, custody and transaction monitoring of crypto assets. 

As a result, LUKB will be able to offer crypto assets to its clients as of the end of this year.

The setup would be an add on to the LUKB’s already existing core banking system and is expected to be implemented in an effective way to enable the offering of a complete automation of the entire crypto asset lifecycle and a seamless user experience (UX). 

This strategic partnership could be seen as an example of the growing presence and active involvement of the canton of lucerne in innovative projects and developments, which in return would further facilitate a supportive environment for start-ups, in particular in the crypto industry. 

[i] See here https://www.luzern-business.ch/de/news/luzerner-kantonalbank-bietet-kuenftig-krypto-anlagen-an-9499.