Sygnum, a digital asset technology group, has received a banking licence from the Swiss Financial Market Supervisory Authority (FINMA).
Sygnum provides a seamlessly integrated and secure digital asset banking solution, including institutional-grade custody with a fiat-digital asset gateway featuring Bitcoin, Ethereum and digital CHF tokens. The offering also includes brokerage, lombard loans and B2B banking services, with plans for asset tokens to be available soon. Sygnum’s portfolio of services are regulated by FINMA in Switzerland.
“Receiving the banking and securities dealer licence from FINMA is a landmark moment for us in building integrated, secure products and services with seamless user experiences.”
said Mathias Imbach, Co-founder and CEO Singapore.
Sygnum is supported by a highly experienced and distinguished board of directors and advisory council. The board includes Chua Kim Leng, former Assistant Managing Director (Banking & Insurance) at the Monetary Authority of Singapore (MAS) and Peter Wuffli, former UBS CEO
In Singapore, Sygnum has applied for a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). On receipt of this licence, Sygnum will offer a multi-manager fund providing compelling collective investment opportunities in the digital asset space.
“Being awarded the banking and securities dealer licence from FINMA is a significant milestone, and an important step towards the institutionalisation of the digital asset economy”,
emphasises Manuel Krieger, Co-Founder and CEO Switzerland.
Featured image credit: Sygnum