Luzerner Kantonalbank (LUKB), the leading bank in the Swiss canton of Lucerne, uses Fireblocks to provide the infrastructure for this new digital asset initiative. Read the blog and watch the video.
In an era where digital assets are reshaping the landscape of financial services, Luzerner Kantonalbank (LUKB), the leading bank in the Swiss canton of Lucerne, is at the forefront of innovation. The bank is building a new, fully integrated crypto trading and custody platform for their retail and institutional clients, aiming at end of 2023 for release.
LUKB has enlisted Fireblocks to provide the infrastructure for this new digital asset initiative. The bank is also working with Sygnum, a regulated Swiss digital asset bank for transaction monitoring, and Wyden, a leader in institutional crypto trading tech, for infrastructural development. The new setup will be seamlessly integrated into LUKB’s core banking system and offers complete automation of the entire trading lifecycle.
The collaboration with Wyden and Sygnum to support Luzerner Kantonalbank as it builds its innovative digital asset business is a best-in-class example of operational technology, trading execution, and compliance automation working together to offer financial institutions secure and compliant solutions.Michael Shaulov CEO
Integrating digital assets into a traditional Swiss bank: An interview with Serge Kaulitz, LUKB
For LUKB to provide digital assets to their customers, it’s critical to have the right infrastructure, including a user-friendly front-end e-banking platform and secure back-end processes.
LUKB’s new crypto product was built from the ground up with Fireblocks as custody provider. Fireblocks functions in a variety of ways for LUKB – providing wallet management, a settlement layer, and private key infrastructure.
Through Fireblocks, LUKB can seamlessly integrate crypto trading and custody into their core banking system and offer complete automation of the entire trading lifecycle.
Luzerner Kantonalbank continues to support its customers as a reliable partner and with innovative solutions. That’s why we have worked intensively on digital assets and built up inhouse expertise. Sygnum, Wyden, and Fireblocks are providing us with is crucial technology for our development, and we are looking forward to working with them.Marcel Hurschler CFO
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