Sygnum awarded Abu Dhabi in-principle approval

Sygnum awarded Abu Dhabi in-principle approval

Source: Sygnum Bank

Sygnum, the world’s first digital asset bank and first Swiss bank to open a hub in the metaverse, leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub.

Sygnum’s roots in Swiss and Singapore heritage have empowered its clients and partners with global reach from day one. Since Sygnum’s USD 90m Series B round earlier this year, and despite a challenging market, Sygnum has continued to grow its global client base to near 1,500 and team to over 200.Key to expanding this global reach is accessing high-growth global crypto-hubs like the UAE that offer clear regulatory frameworks, growing adoption and strong demand for trusted, institutional-grade crypto services.

Abu Dhabi in-principle approval
Sygnum has received an in-principle approval[2] from the Abu Dhabi Global Market’s (ADGM)Financial Services Regulatory Authority (FSRA). Sygnum’s new Middle-East hub will serve the local market with a crypto-native suite of digital asset banking, asset management, tokenization and B2B