Sygnum

Based in Switzerland, Sygnum offers regulated digital-asset-related banking services to institutions and individuals. Sygnum's core offerings include custody, brokerage, tokenization, asset management, lending, and B2B banking services. Users can trade, swap, and borrow a range of cryptocurrencies including Bitcoin, XRP, Ethereum, and Cardano. Notably, the platform provides specialized green financing services to carbon-neutral crypto miners. The company’s tokenization services include a primary market issuance platform named “Desygnate,” which enables users to mint and issue a range of tokenized assets, and a secondary market trading platform for those tokenized assets, named Sygnex. Sygnum also provides legal and financial structuring services for users to ensure regulatory compliance. 

Moreover, the company provides a diverse portfolio of investment products aimed at different aspects of the digital asset market. These include yield-generating strategies and exposure to the growth of blockchain protocols through products like the Sygnum Platform Winners Index ETP. In November 2023, the company added a multisector index that combines several crypto sectors such as Layer 1, DeFi, and gaming into a single structured portfolio product.

Sygnum expanded into Luxembourg in December 2022 and received Financial Services Permission from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority in March 2023​​. The company also went on to obtain a Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore in October 2023. 

Key customers and partnerships

The company has partnered with several technology solutions providers and financial institutions to offer new digital asset solutions to their existing customers. In October 2023, Sygnum partnered with Float, a Capital-as-a-Service solution provider, and Fasanara Capital, a European fintech credit fund, to launch a private debt asset token. Launched on the Polygon blockchain, the token provides users exposure to a portfolio of private SME loans to European SaaS and technology businesses. 

In August 2023, it partnered with Fireblocks and Wyden, a digital asset trading technology provider, to enable Luzerner Kantonalbank to offer crypto assets to over 300,000 clients. In February 2024, it partnered with Hamilton Lane, a private equity investment management firm, and Apex Group, a financial services provider, to develop and launch a distributed ledger technology (DLT) registered share class that automates and integrates fund management functions. The company announced that Hamilton Lane's USD 3.8 billion GPA Fund will be the first fund to feature the new share class. 

In May 2024, Sygnum served over 1,700 clients across more than 60 countries. Its enterprise clients include PKB, Matter Labs, Aquila, and Safe. During the same period, its assets under management (AUM) grew to USD 3.5 billion. 

Funding and financials

In January 2024, Sygnum secured over USD 40 million in growth funding, led by Azimut Holding, at a post-money valuation of USD 900 million. The company planned to use the funds to venture into new markets and to expand its suite of regulated products and services.