Digital asset technology group receives banking licence

Sygnum’s solution systematically embeds digital assets into regulated banking. At the solution’s core is an institutional-grade digital custody and fiat-digital asset gateway. Custody is fully integrated with a liquidity platform that offers fast and reliable execution for fiat currencies and major digital assets, including Bitcoin, Ethereum and digital CHF tokens. Sygnum’s plans for corporates include the ability to raise new capital by producing asset tokens based on existing financial assets, thereby lowering capital raising costs and improving liquidity for issuers and investors. Additionally, Sygnum offers a lombard loan facility that optimises fiat liquidity and cash flows through loans on digital assets. B2B banking services are also available to existing financial institutions to enable them to provide regulated digital asset products and services to their own customers.

Following the awarding of a MAS Capital Markets Services (CMS) licence in Singapore (1), fund management services, including a digital asset multi-manager fund, will be offered.

“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. “This licence is a major landmark on our mission to empower digital asset banking by building integrated, secure products and services with seamless customer experiences. We are looking forward to taking Sygnum’s integrated digital asset banking solution to market, together with our valued customers and partners”, adds Mathias Imbach, Co-Founder and CEO Singapore.

“To date, a lack of institutional-grade custody and a truly integrated banking solution has slowed the adoption of digital assets by institutional investors”, comments Luka Müller-Studer, Co-Founder and Chairman. “Today’s licence announcement is a game-changer. By methodologically incorporating digital assets into traditional banking, and injecting much needed DLT-driven agility, Sygnum is accelerating the development of an important new asset class.”