According to Foresight News, Swiss private bank Banque Syz SA is experiencing internal conflict due to differing opinions on its cryptocurrency strategy. The bank's founder, Eric Syz, and his son, Marc Syz, have clashed over the direction of the bank's crypto investments.
Marc Syz, along with his business partner Richard Byworth, has departed from the bank. The duo had intended to integrate Future Holdings AG, a Bitcoin treasury company, into Banque Syz's alternative assets division, Syz Capital. However, this plan did not receive approval from Eric Syz.
Currently, Marc Syz and Richard Byworth are advancing plans for a dual listing of Future Holdings AG. Marc Syz has stated that Future Holdings aims to become the largest Bitcoin treasury company in Europe.