Sygnum, the digital asset technology group based in Singapore and Switzerland, announced today that it has successfully obtained a capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS).
The company recently received its banking and securities dealer licence from the Swiss Financial Market Supervisory Authority (FINMA). With the CMS licence, Sygnum can now conduct asset management activities in Singapore, and will focus primarily on digital asset investment strategies for accredited and institutional investors.
The first product to be offered is a multi-manager fund (also referred to as a “fund-of-funds”), slated for launch on Friday, 1 November 2019. Investors can expect to benefit from Sygnum’s interdisciplinary expertise across digital assets and traditional asset management as well as their access to best-in-class fund managers in the digital asset space. At the same time, Sygnum’s systematic portfolio construction methodology, supported by a rigorous manager and operational due diligence process, diversifies the risk of investing by allocating investments across a portfolio of managers that tap into the global digital asset opportunity using different and uncorrelated investment strategies.
“We want to help our clients construct broader, diversified portfolios with reduced risk and institutional-grade trust. We believe that our multi-manager product approach is a very compelling way for professional investors to gain exposure to this emerging new asset class,”
said Sygnum’s Head of Asset Management, Stefan Mueller.
Sygnum has an outstanding board of directors and advisory council, with a list of established names across both countries. In Singapore, this includes ex-MAS regulator Chua Kim Leng and, GIC board members Hsieh Fu Hua and Ang Kong Hua. Most recently, the company has further strengthened the organization with the appointment of Jennifer Lewis, former managing director of communications at GIC, as an advisor to the Singapore leadership team.
Featured image credit: Sygnum
