Sygnum, the world’s first digital asset bank, has obtained regulatory approval from the Monetary Authority of Singapore (MAS) to launch its regulated Digital Payment Token (DPT) brokerage service in Singapore. With headquarters in Zurich and Singapore, Sygnum manages approximately USD4 billion in total assets and serves over 1,700 clients in more than 60 countries. The company’s founders, Gerald Goh and Mathias Imbach, have overcome challenges to realize their vision and are now excited about the progress in terms of regulation and institutional adoption of digital assets.
Sygnum’s strategic vision since its inception in 2018 has been to institutionalize the digital assets market and expand the financial universe. The company believes in the long-term potential and use cases of digital assets, which can democratize access to assets that were previously out of reach for private investors. The recent global market events have led investors to seek well-regulated intermediaries like Sygnum, which provide institutional-grade services and governance.
Sygnum aims to empower institutional and private qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. In Switzerland, the company offers a regulated banking platform, while in Singapore, it operates as a specialized digital asset fund manager, crypto broker, securities dealer, and corporate finance advisor.
The MAS approvals have validated Sygnum’s enthusiasm for Singapore’s regulatory environment. The MAS is known for its progressive approach in providing a clear and robust framework for digital assets. Sygnum believes that such developments will enable investors to increase their exposure to digital assets with confidence.
In addition to the regulatory approval, Sygnum has partnered with Bordier & Cie, a leading Swiss private bank, to provide digital asset services in Singapore. This partnership allows Bordier to leverage Sygnum’s institutional-grade custody, risk management, and off-balance sheet digital assets.
Looking ahead, Sygnum plans to expand its suite of regulated digital asset products and services in Singapore, establish itself as a global platform, and drive institutional adoption of digital assets.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇨🇭 🇸🇬 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Gerald, Mathias |
| Companies | None |
| Currencies | None |
| Securities | None |
