Crypto-bank Sygnum, with a strong presence in Singapore too, has received the regulatory green light to expand its business. It will now be able to introduce its digital asset trading platform.
Swiss federal banking regulator Finma has given Sygnum the go-ahead for the trading in digital assets, according to a statement released by the Zurich-based cryptobank.
Using Sygnum’s digital asset trading facility, investors can broaden their investment opportunities and add diversification by trading previously non-accessible securities in a tokenized form, including equity, debt, and real estate, the company said.
Huge Potential for Asset Tokenization
They also benefit from instant settlement via the Sygnum-issued digital Swiss franc, the flexibility of moving between fiat, digital franc and asset token positions in real-time, and bank-grade custody of their digital assets – all within one integrated platform.
Asset tokenization, a market forecast to be worth $24 trillion by 2027, has the disruptive potential to reshape the securitization business model in the coming years, Sygnum said. To date, tokenization solutions have predominantly been unregulated and often only provide partial solutions within the securitization life-cycle.
New Group Structure
Sygnum’s regulated, end-to-end offering enables the benefits of asset tokenization to be realized by issuers, investors, and institutional partners.
With the launch of its platform, Sygnum also announced the creation of a group structure. It will set up two new entities in Switzerland to capture strategically important high-growth opportunities. The first is a digital solutions unit and the second is an asset management unit dedicated to launching new products and services, expanding the existing products developed by Sygnum’s CMS-licensed Singapore entity.
