FINMA-regulated crypto bank Sygnum taps banking giants to onboard

Sygnum has announced the addition of two executives to its board, Fernando Luis Vázquez Cao, CEO of SBI Digital Asset Holdings, and Al-Noor Ramji, board member of Tata Motors and former chief digital officer of Prudential.

Development of the Financial Passport in all sectors

The crypto-specialty bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and offers a number of digital asset solutions for institutions, including custody, brokerage, tokenization, asset management , loans and B2B banking.

Luka Müller, co-founder and president of Sygnum, said: “I am delighted to welcome Fernando and Al-Noor to Sygnum’s Board of Directors and I look forward to working with them to further strengthen our technological leadership, our governance and our capacity for innovation. “

The new board members have extensive experience leading technology teams through high-growth transformations and their appointments further strengthen the company’s technology, innovation, governance and security capabilities.

Sygnum recently raised $90 million to improve FINMA-regulated access to DeFi. The fundraising valued the company at $800 million and fueled the company’s expansion plans as it enters new markets and co-develops innovative solutions with strategic investors.

Fernando Luis Vázquez Cao is an industry veteran specializing in the Asian financial services industry from a business and technical perspective. He is currently CEO of SBI Digital Asset Holdings, with advisory, tokenization and issuance, digital exchange and digital custody businesses under his responsibility.

Fernando Luis Vázquez Cao said, “I look forward to joining the Sygnum team at such a crucial time in their development and bringing my technology experience to bring their inspiring vision of Future Finance safely and quickly to new global audiences.

Al-Noor Ramji is a board member of Tata Motors and former Chief Digital Officer of Prudential Group, where he founded and built the first Asian and African platform-based ecosystem companies as well as the super app “Pulse “. He has held CEO and EVP positions at Misys, BT Group, Calypso Technologies and Swiss Bank Corporation.

Al-Noor Ramji commented, “Sygnum is entering a new phase of its operations where the scalability and agility of its technology platform is critical to enable future growth. I welcome the opportunity to bring my experience to Sygnum’s board and technology leadership as they continue to shape the development of the global digital asset ecosystem.

Sygnum recently passed the milestone of $2 billion in assets under administration and more than 1,000 global clients as it enters new international markets and co-develops solutions with strategic investors.