It still baffles me, when a bank is selling a financial product based on a currency which was designed to overcome traditional banking. With that in mind, a swiss bank offering a pooled fund on a defi chain on the Cayman Islands looks like a strong argument for why not trusting banks

Sygnum started as a pure cryptocurrency bank, initially without a banking license. They did all the steps and received a full banking license. (Most other companies in the same sector in Switzerland don’t have a banking license.) So just to say it again in different words: this is not a traditional Swiss bank, it was established only a few years ago.