# A cryptocurrency dispute has split the Swiss banking dynasty - ForkLog: cryptocurrencies, AI, singularity, future

Froklog · 2026-03-24T08:53:36+00:00

A generational conflict has erupted within the Swiss banking dynasty Syz Group over the incorporation of cryptocurrency into their business. Mark Syz left the firm after disputes regarding risks associated with Future Holdings AG. He is now working on a double listing for Future Holdings and plans to create an independent asset management firm.

Froklog

2026-03-24 08:53:36

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# A dispute over cryptocurrency has split the Swiss banking dynasty

A conflict has erupted within a private Swiss banking family. The disagreement centers around the future of the family business and its involvement in digital assets, reports Bloomberg.

Marc Siz left the Geneva-based financial conglomerate Syz Group, owned by his father Erik, along with his business partner Richard Baywort. This happened after disputes over plans to include the crypto custody company Future Holdings AG in the alternative assets division of Syz Capital.

In an interview with journalists, the younger Siz shared his version of events. His relationship with his father soured after the bank withdrew approval for the listing of Future Holdings within Syz Capital due to warnings from the board of directors about significant risks. Marc and Baywort also stepped down from the crypto firm’s management board.

Now, the younger Siz is working on a dual listing of Future Holdings in Sweden and Switzerland in partnership with Stifel Financial Corp. According to the banker, the project will become Europe’s largest Bitcoin platform. The company plans to accumulate 3,500 BTC.

Additionally, Marc and Baywort intend to establish an independent asset management organization to compete with Syz Capital. The structure will focus on alternative strategies.

Erik Siz and Syz Group declined to comment in detail, only confirming the departure of the Syz Capital executives. The bank clarified that “alternative investments remain one of their main areas of focus.”

Syz Capital was founded in 2018 under the leadership of Marc Siz. By the time of his departure, the assets under management had grown to approximately 2 billion Swiss francs ($2.5 billion). The parent company, Syz Group, founded in 1996, has assets of about $32 billion.

Recall that in 2025, analysts at River recorded a record increase in Bitcoin adoption by institutional banks, public companies, and governments.

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