Swiss crypto bank Sygnum has launched an end-to-end tokenization trading market to unlock access to funding for SMEs and enable fractional trading in high-value assets.
Sygnum Bank claims to be the world’s first regulated Digital Asset Bank and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking license, as well as Sygnum Pte Ltd’s capital markets services (CMS) license in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks and other financial institutions to invest in the digital asset economy with complete trust.
Sygnum’s new offering consist of primary market issuance platform Desygnate and secondary market trading venue SygnEx. The platform allows users tokenize new or existing financial and real assets as diverse as works of art, diamonds and vintage cars.
According to Sygnum, Switzerland’s estimated 600,000 SMEs, and the 45,000 new companies founded each year, will now be able to attract a broader network of investors and raise capital by issuing security tokens, which can be securely traded on SygnEx.
“This solves many of the challenges startups and SMEs face when raising capital in traditional capital markets, such as high costs and extensive listing requirements,” Sygnum said. “Similar benefits apply for the CHF60 billion annual global Art and Collectibles market, which can now make its assets more widely accessible, affordable by fractional ownership, and easily tradeable.”
Sygnum has signed partnerships with a number of companies looking to make use of the platform, including asset management group Azimut, real-estate investment firm InnoZins, electric vehicle manufacturer BAK Motors and wine investment outfit Fine Wine Company.
“Empowering both issuers and investors to create and have access to unique, often frontier, investment opportunities has been a core part of Sygnum’s mission since day one,” said Mathias Imbach, Sygnum’s group CEO designate. “With Desygnate and SygnEx, we bring a blockchain-powered business solution to market which opens up a world of new opportunities for capital market participants to do business.”
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