Sygnum Establishes Lugano Office and Launches Bitcoin Initiative to Advance Regulated Bitcoin Products and Research

• Sygnum establishes new office in the Plan ₿ HUB in Lugano, Switzerland, to expand client services for growing local client base of external asset managers, enterprises and private investors
• Lugano is home to Plan ₿, a joint initiative between the City of Lugano and blockchain companies to accelerate the development and use of Bitcoin technology
• Sygnum also launches “₿itcoin@Sygnum” initiative to advance regulated Bitcoin products, technology integrations and research

Zurich, 24 October 2024: Sygnum, a global digital asset banking group, announces a new office in Lugano, the largest city in the Canton of Ticino and the Italian-speaking area of southern Switzerland. The move aims to expand local client services and enable closer collaboration with the growing Lugano-based Bitcoin and digital asset ecosystem and Plan ₿, a City of Lugano initiative to promote the adoption of blockchain technology.

Sygnum’s new Lugano office will serve as a convenient local access point for Sygnum’s expanding roster of Ticino based clients, prospects and partners. Sygnum’s Relationship Managers provide “white-glove service” and enable local access to the bank’s high-security custody, advanced trading and crypto-backed Lombard Loans, as well as to a range of other regulated services from one trusted partner. At Sygnum, all client digital assets are held off-balance sheet, making them bankruptcy remote.

The bank’s office in the Plan ₿ HUB in Lugano aims to foster closer collaboration with the City of Lugano and spark innovation with Plan B’s diverse Bitcoin and digital asset ecosystem. The City of Lugano is well known for its progressive stance on digital asset regulations, with residents being able to settle municipal taxes and make everyday payments to a large numbers of merchants using Bitcoin and other digital assets. Plan ₿’s mission is to leverage Bitcoin technology to help transform the city’s financial infrastructure and lead initiatives ranging from Bitcoin investment pools and sustainable mining to specialised educational programs and industry-leading Bitcoin events like the Plan ₿ Forum.

“The launch of our Lugano office marks the next exciting step in Sygnum’s growth journey. The region’s long-standing support for digital assets positions it as a prime hub for Bitcoin innovation, especially given its rising institutional adoption, regulatory clarity and acceptance as a safe haven asset,” said Martin Burgherr, Sygnum Chief Client Officer. “By enhancing our local presence in Lugano with this new physical space, we aim to further strengthen our engagement with locally based clients and boost our active collaboration with the vibrant Lugano Bitcoin and digital asset ecosystem,” Martin adds.

“We’re excited to welcome Sygnum Bank and the opening of their new Lugano office at the Plan ₿ HUB. Their presence strengthens our shared commitment to making Lugano a key player in blockchain and financial innovation,” said Michele Foletti, Mayor of Lugano and President of the Plan ₿ Foundation. “It’s encouraging to see visionary institutions like Sygnum seizing the opportunities that Lugano offers for digital and financial transformation. Innovation does not wait; the financial sector is no exception to this principle. It’s no coincidence that institutions from beyond our borders recognize the potential here. By embracing these advancements, we can collectively enhance our city’s economic landscape and deliver real value to our community.”

Launch of ₿itcoin@Sygnum initiative

Timed to coincide with the Plan ₿ Forum event in Lugano on 25-26 October, Sygnum also announces the launch of ₿itcoin@Sygnum, a strategic, company-wide initiative to strengthen partnerships in the Bitcoin ecosystem, contribute new Bitcoin-related research and thought leadership, and advance new Bitcoin-based products and technology integrations. As Bitcoin-focused investment strategies mature and gather momentum globally, Sygnum’s initiative reflects the need for dedicated Bitcoin centres of excellence to harness the original digital asset’s transformative potential for the broader financial system.

ENDS

About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.

In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi, Luxembourg and Liechtenstein. We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit www.sygnum.com.

Media contacts
Dominic Castley, Chief Marketing Officer, Sygnum 
[email protected] | +41 58 508 21 01
Sygnum Bank AG, Uetlibergstrasse 134a, 8045 Zurich, Switzerland

Disclaimer
The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information and Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. If nothing is indicated to the contrary, all figures are unaudited. Any statements contained in this publication attributed to a third party represent Sygnum’s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes. The information herein refers to products and services of Sygnum and therefore constitutes advertising according to Art. 68 of the Swiss Financial Services Act (“FinSA”). Nonetheless, this document contains only general material and does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. In particular, this publication does not constitute (i) any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets; (ii) an inducement or incitement to participate in any product, offering or investment; (iii) a prospectus or key information document according to Swiss laws and regulations; nor shall it be construed as such. Where applicable, the full offering documentation of the products mentioned in this publication (such as for example the prospectus, offering memorandum, key information document (Basisinformationsblatt) may be obtained free of charge at Sygnum Bank AG, Uetlibergstrasse 134a, 8045 Zurich, Switzerland and/or by contacting us at https://www.sygnum.com/contact/. Some of the products mentioned in this publication might not qualify as units of a collective investment scheme according to the relevant provisions of the Swiss Federal Act on Collective Investment Schemes (“CISA”), as amended, and are not licensed thereunder. Therefore, neither such products nor the issuer is governed by the CISA nor approved by the Swiss Financial Market Supervisory Authority FINMA (“FINMA”). Accordingly, for such products investors do not have the benefit of the specific investor protection provided under the CISA. These materials and this publication are for distribution only under such circumstances as may be permitted by applicable laws. They are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or would subject Sygnum or its partners to any registration, licensing or other legal requirement within such jurisdiction. Unless explicitly stated otherwise, no action has been or will be taken by Sygnum or its partners that would permit a public offering or a distribution of the products or possession or distribution of any offering material in relation to the products in any jurisdiction where action for that purpose is required. No offers, sales, resales or deliveries of any products or distribution of any offering material relating to any products may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations, and which will not impose any obligation on Sygnum. Where applicable, if and to the extent Sygnum has registered its prospectus with a prospectus evaluation body or a regulatory authority, further reference regarding the applicable selling and transfer restrictions is made to such prospectus. These materials may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements include, for example, the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Forward-looking statements speak only as of the date they are made. Without prejudice to any requirements under applicable laws and regulations, Sygnum and each of the participating authorized participants expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in these materials to reflect any change in expectations thereof or any change in events, conditions or circumstances on which any such forward-looking statement is based, whether as a result of new information, future developments or otherwise. These materials are not a complete statement of the markets and developments referred to herein. Where applicable, some figures may refer to past performances or simulated past performances and past performance is not a reliable indicator of future results. Some figures may be forecasts only and forecasts are not a reliable indicator of future performance. Investment decisions should always be taken in a portfolio context and make allowance for your personal situation and consequent risk appetite and risk tolerance. No reliance may be placed for any purpose on the information contained in these materials or its accuracy or completeness. None of the participating authorized offerors, authorized participants, or distributors or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in these materials (or whether any information has been omitted from them) or any other information relating to Sygnum or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of these materials or its contents or otherwise arising in connection therewith.