fbpx
Skip to content Skip to footer

Sygnum Gets Capital Markets Services License

Sygnum, a digital asset startup in Switzerland, recently received a capital markets services license from the Monetary Authority of Singapore (MAS). 

Sygnum has an office in Singapore and is focused mainly on digital asset investment strategies in the country. Accredited and institutional investors are their targeted clients, reported The Straits Times. 

The startup released a statement saying the Singapore license is an important step for the company to establish its asset management arm into the Asian region. This comes following Sygnum’s announcement in August that it obtained a license from the Swiss banking regulator. It is one of the first blockchain firms to receive a banking and securities dealers’ license. 

Sygnum will start offering a multi-manager fund — also referred to as “fund of funds — on November 1.

The company has expertise across traditional fund management and digital assets. It also develops a variety of products that investors can invest in their fiat money. 

Sygnum also plans to expand into Hong Kong and other European markets. Peter Wuffli, chief executive of Sygnum, said many investors have already expressed interest in investing in the produc

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us