Sygnum Singapore secures in-principle approval to expand regulated activities

Sygnum, a digital asset technology group with a Swiss banking licence and a Singapore Capital Markets Services (CMS) licence, has received in-principle approval from the Monetary Authority of Singapore to conduct three additional regulated activities under its CMS licence.

Upon obtaining full approval to conduct the additional activities, Sygnum will be able to leverage its existing tokenization and corporate finance capabilities to provide innovative asset managers and Web3 players in Singapore a fully-regulated capital raising solution covering the entire value chain, including:

  • Providing corporate finance advisory services to companies seeking to raise capital – including the technical expertise to tokenize capital markets products and digital assets, as well as digital asset-focused legal and capital structuring advice
  • Dealing in capital market products to provide access to a wider base of accredited and institutional investors in Singapore seeking fully-regulated investment opportunities into tokenized capital market products and digital assets
  • Providing custodial services for asset and security tokens

These additional regulated activities are an expansion of Sygnum’s existing CMS licence to conduct fund management, which has enabled the company to provide accredited and institutional investors in Singapore diversified exposure to the digital asset economy since 2019 via its suite of asset management products.

Sygnum currently operates a tokenization platform out of Switzerland, where asset owners have issued tokens representing fractional ownership of various traditional securities and digital assets, including a Picasso painting, and a CryptoPunk NFT, with the ownership of each token recorded on a blockchain. The platform also provides professional investors trusted access to these traditionally less-accessible asset classes.

With the additional regulated activities under its belt, Sygnum intends to offer its tokenization solution in Singapore with an initial focus on the tokenization of fund units, starting with its recently-launched venture capital fund, the SBI-Sygnum-Azimut Digital Asset Opportunity fund. This tokenization exercise will enable accredited and institutional investors to subscribe to the fund with significantly smaller ticket sizes and to potentially benefit from secondary liquidity via a listing of these tokenized fund units on a regulated digital asset exchange. Future initiatives include providing corporate finance advice to Web3 platforms and digital creators, and to securitize their rare digital collectibles, non-fungible tokens (NFTs) and metaverse assets like in-game items and virtual land.

said: “Singapore continues to be a welcoming destination for trusted financial institutions seeking to meet the growing demand for regulated digital asset financial services. With the recent conclusion of our Series B fundraise, we are committed to accelerating the expansion of our suite of offerings in the financial hub. These three additional activities that Sygnum will be able to conduct enables us to provide asset managers and Web3 players in Singapore a new, fully-regulated platform to raise capital and attract a wider investor base by leveraging blockchain technology.”

Gerald Goh, Sygnum Co-Founder and Singapore CEO

said: “Professional investors today face several technological, regulatory and portfolio challenges when it comes to building exposure to cryptocurrencies, and digital assets more broadly, including NFTs and the emerging metaverse. The extension of our offerings into the Singapore market will provide investors access to a team of blockchain, legal and asset management experts, and a trusted platform with an operational track record, to invest in the latest Web3 opportunities with complete trust and peace of mind.”

Mathias Imbach, Sygnum Co-Founder and Group CEO

END

Editor’s note:

In addition to its existing CMS licence permitting Sygnum Pte. Ltd. to conduct the regulated activity of Fund Management, the company has received in-principle approval for the following additional regulated activities:

  • Advising on Corporate Finance,
  • Dealing in Capital Markets Products that are securities and units in a collective investment scheme, and
  • Providing Custodial Services

The company will be able to conduct the additional activities upon meeting the Monetary Authority of Singapore’s (MAS) conditions of its in-principle approval.

Sygnum Pte. Ltd’s CMS licence is solely regulated by MAS in Singapore, and does not confer or imply any licencing rights to Sygnum Bank AG in Switzerland.

About Sygnum

Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers professional and institutional clients or qualified investors (e.g., corporates, banks, and other financial institutions) to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com.

Media Contact:
Dominic Castley
T: +41 58 508 21 01
E: [email protected]

Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zürich
Switzerland

Disclaimer

This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

Read next article

Local restrictions – Provision of cross-border services

It looks like you are using a computer with an IP address located outside of Switzerland.
If you are located in Switzerland, please click “Continue” to access the Sygnum Bank AG (Sygnum) website.

If you are not located in Switzerland, please read below.

This website and the information contained herein are addressed solely to persons residing or domiciled in Switzerland.

Sygnum is a regulated bank supervised by the Swiss Market Financial Authority (FINMA). The products and services on this website are authorised in Switzerland. Sygnum cannot promote its products and services in other countries where it is not authorised by the supervisory authority of that country to do so.

If you click on “Continue” to visit this website, you confirm that you have read and understood the above and you are visiting this website on your own initiative without any active promotion or solicitation from Sygnum.

RETURN CONTINUE

Investor qualification

The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

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. 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. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. 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.

Mandatory fields

Security alert

Stay alert to fraudulent communications. Sygnum will never post messages on social media or private messaging applications regarding Sygnum banking access or logins. If you have concerns, contact us.

Close