Sygnum Singapore secures in-principle approval to expand regulated activities
Sygnum, a digital asset technology group with a Swiss banking licence and a Singapore Capital Markets Services (CMS) licence, has received in-principle approval from the Monetary Authority of Singapore to conduct three additional regulated activities under its CMS licence.
Upon obtaining full approval to conduct the additional activities, Sygnum will be able to leverage its existing tokenization and corporate finance capabilities to provide innovative asset managers and Web3 players in Singapore a fully-regulated capital raising solution covering the entire value chain, including:
- Providing corporate finance advisory services to companies seeking to raise capital – including the technical expertise to tokenize capital markets products and digital assets, as well as digital asset-focused legal and capital structuring advice
- Dealing in capital market products to provide access to a wider base of accreditedand institutional investors in Singapore seeking fully-regulated investment opportunities into tokenized capital market products and digital assets
- Providing custodial services for asset and security tokens.