About Sygnum
Why did Sygnum choose headquarters in Singapore?
Singapore is a global leader in wealth management, financial technology and innovation. It forms the ideal base for Sygnum to expand and meet the growing demand for regulated digital asset solutions in Asia.
In addition to Singapore, Sygnum is also headquartered in Switzerland. Both countries are recognised as established and trusted financial hubs that provide robust standards for financial institutions. By operating as regulated entities in both of these jurisdictions, Sygnum aims to provide our clients peace of mind when building exposure to the growing digital asset economy.
Who is Sygnum?
Sygnum is the world’s first regulated digital asset bank, founded on Swiss and Singapore heritage. We make digital assets bankable, secure and convenient, empowering clients to invest in the digital asset economy with complete trust.
Who are the founders of Sygnum?
The founders of Sygnum are Luka Müller (Board Chairman, Switzerland), Manuel Krieger (Board Member, Switzerland), Mathias Imbach (Group CEO), Gerald Goh (CEO Singapore).
When was Sygnum founded?
Sygnum was conceptualised in 2017 and incorporated in May 2018. Sygnum received a Swiss banking license in August 2019.
What was the motivation for founding Sygnum?
Sygnum is shaping the development of a trusted digital asset ecosystem based on the massive potential of Distributed Ledger Technology (DLT) that started with the growth of digital assets such as Bitcoin and Ethereum. We find ourselves at the beginning of a broader transformation, where DLT will be used for an increasingly wide range of financial services and applications including the tokenization of financial assets, physical assets, and over time, anything of value.
Sygnum was founded to connect today’s high potential, but largely unregulated digital asset industry to the regulated world of traditional finance. Weaving together these two realities will help accelerate institutional adoption of digital assets. And this will make markets more efficient and transparent – and create a world where people can have more control, freedom and trust.
Our mission is to empower everyone to own digital assets with complete trust.
Is Sygnum fully regulated?
Yes. One of Sygnum’s founding strategies was to be fully regulated from day one in both Switzerland and Singapore. Sygnum holds a banking and securities dealer licence from the Swiss Financial Market Supervisory Authority (FINMA), and a Capital Markets Services (CMS) licence from the MAS in Singapore. In June 2023, Sygnum Singapore was granted in principle approval of a Major Payments Institutional Licence from the MAS. In December 2022, Sygnum expanded its offering into Luxembourg, and in March 2023 received a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
Where is Sygnum located?
Sygnum has two hubs; Zurich, Switzerland and Singapore. Sygnum Bank Middle East is located in Abu Dhabi and Sygnum Europe AG is located in Liechtenstein. Our contact details are here.
What countries does Sygnum operate in?
Sygnum operates out of Zurich, Switzerland, Abu Dhabi in the UAE, and Singapore. Sygnum services clients internationally in a fully compliant, reverse solicitation basis.
How many employees does Sygnum have?
Sygnum’s diverse team and number of employees is summarised here.
What is Sygnum’s multi-custody solution?
Sygnum offers an institutional-grade multi-custody solution that fulfils the highest security standards. Our clients have access to both trading and vault wallets, with the private keys in hardware security modules (HSMs), which are located in geo-redundant high security data centres in Switzerland. Sygnum’s multi-layer security setup is audited and certified according to the ISAE 3402 standard.
What digital assets does Sygnum custodise?
Sygnum offers custody for a large and continually expanding selection of tokens. Please click here to see our current custody token list (with a link to their market prices).
Please click here for an overview of the digital assets we offer for custody, staking, trading and lending. Further tokens are available on request.
Digital assets need to pass Sygnum’s proprietary digital asset risk assessment funnel in order to be eligible for the Sygnum banking platform. Sygnum also offers custody for a Digital CHF token and is developing custody services for asset-backed tokens.
What is Sygnum’s view of decentralisation versus regulation?
We appreciate the transformative power and usefulness of DLT, but decentralisation is not a panacea. On the one hand, rules and regulations have been put in place for a reason – in most cases to protect the investor. This must continue. On the other hand, DLT is a trust and security engine that provides a great degree of control. Because of this, certain rules may become redundant, but not all of them.
Because we believe we are in a period of consolidation and transition, we seek to both maintain and uphold the highest regulatory standards and support their evolution as they embrace digital assets. We believe the future will reflect this heritage.
What is the trusted digital asset ecosystem that Sygnum is shaping?
We are convinced that no single start-up, incumbent financial institution, association or technology solution can unilaterally pave the way from mainstream awareness to mainstream adoption of DLT-powered financial services. We believe that shaping the development of a digital ecosystem with trusted partnerships, fuelled by relentless client focus, will accelerate industry and community growth and enable impact.
Together with our network of partners, Sygnum aims to build a digital asset ecosystem and address the three key development opportunities for the financial sector:
1) Secure access and storage of digital assets
2) Safe and seamless issuance and efficient settlement of digital assets
3) A methodical and practical approach to integrate digital assets into today’s regulatory frameworks, in particular to address the compliance challenges such as those related to money laundering