Accounts
What should I do when my digital assets are lost due to fraud or negligence on the part of Sygnum Singapore?
In case of any unusual events which may lead to potential loss or damage of your digital assets, you may contact us by calling the hotline at +65 6015 8808.
What are the fees and costs for the safeguarding of my digital assets?
These are set out in the agreement you enter / entered into with us.
Would I be informed of the safeguarding status of my digital assets by the Safeguarding Person?
We will notify you as soon as practicable once we are informed of an incident relating to the safeguarding of your digital assets or change in any safeguarding terms and conditions.
How do I claim or receive entitlements accruing to me or exercise any right and power arising from my ownership of digital assets in my account?
Such entitlement and rights (if any) arising from your digital assets custodised with us will be held by us and returned to you on demand.
What happens to my digital assets in the event of default of the safeguarding institution?
As you may note in the brokerage and custody terms with us, the safeguarding institution of your digital assets is Sygnum Bank AG (“Safeguarding Person”), a FINMA-regulated Swiss bank in Switzerland. Due to operation of Swiss law, your digital assets are legally excluded from the Sygnum Bank AG’s assets for the purpose of insolvency proceedings. Accordingly, your digital assets are protected in the event of default of the Safeguarding Person, and we will take reasonable steps to recover the assets in accordance with the applicable laws.
Can I authorise another person to give and receive instructions on my behalf relating to my brokerage and custody account with Sygnum Singapore?
Yes, you may authorise such person(s) in writing and notify us of such authorisation. Such authorised person(s) may act on your behalf in connection with all matters relating to the brokerage and custody services that you engage us for, save for any specific actions excluded in any letter of authorisation provided to us.
Where are my digital assets kept? Is my interest in digital assets identifiable by any document or record?
Your digital assets are kept in an omnibus account that we maintain with the Safeguarding Person (“Omnibus Account”). While your interest in digital assets in the Omnibus Account may not be identifiable by separate physical documents or electronic records, we are maintaining and will continue to maintain records of your interest in the digital assets in the Omnibus Account.