(Aug 28): Cryptocurrency-related financial services are hard to find in Singapore, as digital assets are a market traditional lenders have tended to avoid. Sygnum, one of the first crypto companies to obtain a conditional banking and securities dealer licence from Swiss regulators, is hoping to fill that gap.

Sygnum, which is based in both Switzerland and Singapore, now plans to apply for a banking licence in the island nation. It has started talking with regulators and petitioned for a capital markets services licence, which will allow the firm to offer asset-management business as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said in a phone interview Tuesday.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook