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Sygnum receives FINMA regulatory approval for digital asset trading facility

By Megha Bhattacharya

September 02, 2020

  • Europe
  • Sygnum
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Swiss digital asset bank, Sygnum, announced that it has received FINMA regulatory approval for its digital asset trading facility. The digital asset trading facility is a major part of the Bank’s end-to-end tokenization offering, a regulated solution that covers the complete life-cycle of a security – from primary issuance, settlement, custody, and now, secondary trading.

The facility offers investors with access to new investment opportunities, help them benefit from instant settlement, move between fiat, digital CHF, and asset token positions in real-time. Sygnum is also announcing the creation of a Group structure and plans to establish two new entities to enable the next phase of growth.

“Our DLT-based tokenization solution streamlines the securitisation process end-to-end, delivering greater transparency and efficiency as well as reducing transaction times and costs,”
said Mathias Imbach, Sygnum Co-Founder. “Without regulated secondary trading venues with relevant liquidity, tokenization will not take off. Much more collaboration between digital asset specialists such as Sygnum and established exchanges and banks, as well as M&A related service providers along the value chain, is needed. We are open to these partnerships to make Future Finance a reality,” he added.

Sygnum is already working with issuers to tokenize their shares, raise capital in a fully digital manner as well as listing their securities on the digital asset trading facility to enable liquidity. The company is also planning to set up two new entities in Switzerland to capture strategically important high-growth opportunities.

“This new structure provides clarity on responsibilities at the group and entity level. The local leadership in Singapore will be fully focused on driving the business here and positioning Sygnum for further expansion in Asia,” said Gerald Goh, Sygnum Co-Founder.

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