Crypto Enabled Swiss Bank in Singapore: What You Need To Know
Singapore is increasingly positioning itself as a friendly environment for cryptocurrencies and blockchain solutions. Friendly regulatory frameworks has seen the country attract some of the biggest financial institutions as well as investors exploring ways of pursuing opportunities around cryptocurrencies and other digital assets. Crypto enabled Swiss banks have set sights on the island nation as they look to take advantage of the burgeoning crypto landscape.
Switzerland’s, Sygnum, has since secured regularity approval to offer digital asset services in the Asian city-state. SEBA, another crypto enabled Swiss bank, also has international ambitions, having already gained regulatory approval in Switzerland.
Crypto Enabled Swiss Bank: Sygnum
Sygnum casts itself as the world’s first digital asset bank for a good reason. The bank boasts of a team of interdisciplinary expertise across various digital assets. The digital asset focused financial institution leverages a systematic portfolio construction methodology with rigorous and operational due diligence.
Founded on Swiss and Singapore heritage, the crypto-focused bank is increasingly exploring ways of empowering clients to invest in digital assets have signed up a number of clients. It has also banked its first customer transaction on Bitcoin and Ethereum blockchains. The transactions marked an important step towards the mainstream adoption of digital assets in Singapore and Switzerland.
Sygnum Digital Asset Handling Services
Upon securing a Capital Markets License in Singapore, Sygnum is moving with speed to offer digital asset investment strategies. The crypto enabled Swiss Bank is especially targeting institutional and private qualified investors that are increasingly exploring ways of investing in cryptocurrencies, among other digital assets.
In addition to providing a way for institutional investors to handle cryptocurrencies and other digital assets, Sygnum is also offering asset management services targeting traditional assets in the financial sector as well as blockchain-based products.
While offering support for digital assets, Sygnum ensures institutional investors holdings are not held in collective wallets. Instead, it offers personalized segregated wallets backed by institutional-grade security. Investors can access their wallets while using e-banking portal, which comes with state of the art security features. The Swiss crypto bank also manages the crypto wallet private keys using secure and regulated infrastructure that eliminates the need for customers to keep keys.
Sygnum Multi Manager Fund
A multi-manager fund is the crypto enabled Swiss bank’s first product in the Singapore market. The products is designed to allocate investments across a portfolio of managers in a bid to tap into the global digital asset opportunities.
Likewise, Sygnum has allowed customers to present verified documents over a secure video link and have them digitally onboard using digital asset Anti Money Laundering solution. The digital asset handling solution is designed to meet institutional standards when it comes to regulatory compliance.
The digital asset handling solution combines proven traditional AML with tools that ensure transparency and immutability of the blockchain. The digital asset AML solution also boasts of a three-level internal review process and a future-proof modular system that can anticipate market and technological trends.
The Swiss crypto bank has since teamed up with the German stock exchange and Swisscom to list and trade tokenized securities on a distributed ledger technology platform.
Crypto Enabled Swiss Bank: SEBA
SEBA is the other Crypto Enabled Swiss Bank that is seeking to give Sygnum a run for its money in the race for institutional investors, looking for ways to invest in digital assets. The licensed and supervised Swiss bank has already secured regulatory approval in Switzerland with plans to expand its footprint internationally.
SEBA is crypto enabled Swiss bank for institutional investors and family offices exploring new ways of investing in new asset classes in a trusted set up. The financial institution is targeting banks that are looking for ways to meet customers growing demand for digital assets in a secure framework.
Bridging the Gap between Digital and Traditional Assets
The bank for the new economy is also planning to bridge the gap between digital and traditional assets by offering a range of services. Its crypto services will include asset management, trading, custody, and financing. E-Banking and card that enables customers to convert between cryptocurrencies and traditional investments is also on offer.
By banking with the crypto enabled Swiss bank, investors stand to gain access to a new secure and integrated access point to the crypto world. SEBA also promises to provide ways and strategies for bridging the gap between digital assets and traditional banks safely and transparently.
Digital Asset Storage Services
As a FINMA regulated crypto bank, SEBA strives to meet and comply with strict regulatory requirements. The firm’s digital asset storage services are designed to meet the highest security standards. SEBA offers Hot Cold and Deep cold custody storage services for digital assets as well as traditional assets.
By combining custody storage solutions with cryptocurrency account, the firm makes it possible for clients to engage in active trading. By securing cryptographic keys, the Swiss crypto bank ensures clients can handle digital assets similar to traditional assets.
SEBA Crypto Trading and Tokenization Services
It also promises a central access point to the new financial economy powered by cryptocurrencies to its Swiss and Singapore clients. Likewise, the Swiss crypto bank is offering trading services to various cryptocurrencies. Clients can now access BTC, ETC, ETH, LTC, and XLM on the crypt bank’s liquid E-banking platform and SEBAwallet app. An electronic trading platform is also available to designated trading clients.
Just like Sygnum SEBA, is also offering bankable and tokenized investment products covering a wide range of crypto space. Likewise, the bank offers an institutional-grade investment process backed by crypto specific investment research.
In addition, SEBA is developing an innovative and expedient tokenization solution. Once developed, the solution will allow clients in Switzerland and Singapore to issue and manage financial assets on multiple blockchain protocols.
The platform will enable the tokenization of fiat and precious metals in addition to supporting the tokenization of alternative assets commodities and art. The platform will also support security token offerings for debt or equity.