Bison Bank is the first Portuguese bank to obtain a Virtual Asset Service Provider (VASP) license from Banco de Portugal.
Under the ECO, the company will create a special division, Bison Digital Assets, to work as a cryptocurrency exchange and custodian.
Bison Bank highlighted that this will be the first bank-owned legal entity in Portugal licensed to provide deposit and trading services in the digital assets space.
Bison Digital Assets will focus on high-net-worth clients in line with the parent company’s strategy. Details on which cryptocurrencies the financial institution will allow trading with have not yet been disclosed.
Bison Bank provides deposit and investment banking services to individual and corporate customers. It is owned by the Hong Kong-based private company Bison Capital Holding Company Limited.
Recall that in June 2021, two Portuguese crypto exchanges, Criptoloja and Mind the Coin, became the holders of the VASP license.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.