
Crypto Bank Sygnum Records Profit in H1 2024, Seeks Global Expansion
Sygnum recorded substantial growth across its four core client segments.
Sygnum recorded substantial growth across its four core client segments.
The Sygnum Connect will operate 24/7 for eligible institutional investors designed to provide instant settlement for fiat, digital assets, and stablecoins.
This collaboration aims to enhance accessibility for net asset value (NAV) data in tokenized assets.
Sygnum explained that Switzerland’s regulatory framework permits it to act as a crypto custodian for its partner banks, managing crypto assets on behalf of their customers.
With the license, Upbit will now be able to offer digital payment token services to institutional investors. However, it still awaits a full MPI license from the MAS.
Switzerland’s position on digital assets is at odds with the increased regulatory scrutiny and action taking place in other parts of the world such as the United States.