SBI Digital Asset Holdings of Japan’s investment in Swiss Crypto Bank Sygnum to accelerate the next phase of growth

Sygnum, the world’s leading digital asset bank, announces it has secured an eight-digit USD investment from SBI Digital Asset Holdings, the SBI Group’s digital asset umbrella company, as the lead investor in its fundraising campaign. strategic investment. Marking a good start to 2021, this further strengthens Strategic partnership between Sygnum and SBI which was created in October 2020 with an SBI-Sygnum Digital Asset Opportunity fund, which targets start-up investments in digital asset startups.

  • SBI Digital Asset Holdings, the digital asset umbrella company of the SBI Group, to make eight-digit USD investment as lead investor in Sygnum’s strategic fundraising
  • This further expands Sygnum and SBI’s strategic partnership that was established in 2020 with an anticipated early stage digital asset opportunities fund.
  • The proceeds will fuel the growth of Sygnum’s customer base, drive expansion into new markets in Europe and Asia, and accelerate the launch of new products and services

Accelerate the next phase of Sygnum’s growth

Following this fundraising, Sygnum will have raised approximately $ 30 million over the past six months, with its operations remaining well capitalized. Combined with the recent tokenization of own shares which laid the groundwork for a potential future public offering, as well as a cost-effective approach to bringing its digital asset banking platform to market, Sygnum is poised to accelerate its business in its next phase of growth.

The proceeds of this fundraising will be used to continue the solid progress made last year in growing Sygnum’s assets under administration, which stood at over half a billion dollars in January 2021. This includes ” expansion of its clientele of qualified private and institutional investors, banks and other financial institutions. The proceeds from the sale will also drive Sygnum’s expansion into new markets in Europe and Asia from its headquarters in Switzerland and Singapore, as well as accelerate the launch of new products and services, including:

  • Commercialization of the recently launched Desygnate tokenization platform by Sygnum and the secondary market trading facility SygnEx
  • Extend Sygnum’s open banking API infrastructure to enable banks and other market participants to confidently offer digital asset exposure to their clients
  • Increase Sygnum’s range of institutional grade custody features, such as additional staking services and yield-generating products
  • Develop new asset management products, such as digital asset options that were launched in January 2021

“We are very happy to welcome SBI Group as a trusted shareholder and strategic partner of Sygnum”, declared Mathias Imbach, co-founder and CEO of Sygnum. “2020 has seen digital assets generate renewed global interest from institutional investors and financial institutions. With SBI’s deep and long-standing expertise in financial technologies and digital assets, we look forward to meeting growing demand from Switzerland, Singapore and around the world, and providing our clients with opportunities. unique investments, allowing them to diversify into the emerging digital asset economy with confidence, ”he added.

CEO of SBI Holdings and Chairman of SBI Digital Asset Holdings, Yoshitaka Kitao, said: “We believe in the potential that digital assets and security tokens bring to investors and financial institutions. One of SBI’s growth strategies revolves around creating a vibrant global ecosystem for the digital asset economy, and we are delighted to have Sygnum – with its digital product offering and expertise in Europe. and in Asia – as a strategic partner in this journey.

“Regulated banking platforms will play a critical role in responding to the growing wave of institutional adoption of digital assets,” said Fernando Luis Vasquez Cao, CEO of SBI Digital Asset Holdings. “As a regulated specialist and professional in digital assets, Sygnum is the ideal partner to help us realize our vision to make this asset class more reliable,” he added.

“We are touched by the positive feedback we have received from our customers and stakeholders for our range of regulated products and services,” said Gerald Goh, co-founder and CEO of Sygnum Singapore. “With this good start to 2021, we are looking forward to

working with our stakeholders to continue to innovate new solutions, launch new products and ultimately provide our clients with the opportunity to participate in the rapidly growing digital asset opportunity in a safe, convenient way and fully regulated.

About the Sygnum group

Sygnum is the world’s leading digital asset bank and a specialist in global digital assets. With the Swiss banking license of Sygnum Bank AG, as well as Sygnum Pte. Capital Markets Services (CMS) License from Ltd. in Singapore, Sygnum empowers qualified institutional and private investors, businesses, banks and other financial institutions to invest in the digital asset economy with confidence. Sygnum operates a regulated, independently controlled, scalable and sustainable banking platform. Our interdisciplinary team of banking, investing and distributed ledger technology (DLT) experts shape the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singaporean heritage and operates worldwide.

About SBI Digital Asset Holdings Co., Ltd. and the SBI group

SBI Digital Assets Holdings is the digital asset umbrella company of SBI Holdings, Inc and oversees and operates digital asset related businesses. The company has investments in key holding companies including BRD, Boerse Stuttgart Digital Exchange, Sepior, Everspin and Tangem, among others. SBI Digital Asset Holdings strives to bring innovation to the financial industry by creating an ecosystem for the issuance, custody, management and liquidity of digital assets. SBI Digital Asset Holdings, through SBI group companies, has strong links with other group investments such as Ripple, R3, B2C2, Securitize, Boostry and has forays into banking and securities infrastructure through the Asia with companies in Thailand, South Korea, Hong Kong, Malaysia and Cambodia. SBI DAH has made significant strides in building a global ecosystem of trusted, institutional-grade digital assets. Recently, the company announced its plans for a joint digital asset swap in Singapore with the SIX group and the integration of sbiwallet, a state-of-the-art institutional-grade wallet solution, with Securitize in Japan.

The SBI Group is a leading internet-based global financial conglomerate. The main activities of the SBI Group include financial services activities, asset management activities and biotechnology related activities. In addition, it is one of the largest private equity firms in Japan and leverages its large ecosystem to further increase the value of its investments.

photo by Lum3n of Pexels

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