Bison Bank advances with crypto assets subsidiary licensed by Banco de Portugal – Negócios
Licensed by Banco de Portugal, Bison Digital Assets is Bison Bank’s new cryptocurrency subsidiary. According to an entity, the subsidiary wants to assert itself as the first virtual asset service provider owned by a bank in Portugal.
As Bison Bank explains in a statement, Bison Digital Assets intends to provide a means for exposing and operating crypto-assets to institutions or individuals with high net worth and with open bank accountswith access to liquidity for various cryptocurrencies such as Bitcoin and Ethereum.
The objective of Bison Digital Assets is create a “bridge between traditional assets and digital assets”giving customers the possibility to more easily navigate the worlds of digital assets and enjoy the benefits of blockchain.
Through the services provided by the subsidiary it will be possible to deposit, exchange and withdraw digital assets, and it will also be possible to opt for their custodywith access to liquidity in EUR, USD, GBP and RMB.
The organization claims that the assets are held 1:1, with a record of all operations. In addition, the Custody services provided will rely on a multilayer architecture.