The latest landing destination of the Sygnum Crypto offer is Luxembourg | Fintech time
Since regulatory clarifications allowing Luxembourg-based alternative investment funds (AIFs) to invest in digital assets in 2021, the demand for institutional-grade crypto services has increased significantly. To take advantage of this market opportunity, Sygnum expands its Swiss-regulated crypto offering to the Luxembourg market.
Aimed at AIFs and institutional investors, Sygnum’s crypto custody offers convenient and secure access to the expanding universe of crypto assets. As a regulated Swiss bank, Sygnum holds client assets completely segregated off-balance sheet, eliminating all counterparty risk to Sygnum and providing complete peace of mind to investors.
by Sygnum B2B bank services enables banks and local custodians to offer regulated crypto services to their end customers in order to continuously expand and future-proof their offering. The solution already live with 15 banksprovides fast, modular access to Sygnum’s entire suite of banking services through one entry point, including segregated client wallets, institutional-grade crypto trading, custody, staking, and tokenization.
“Sygnum’s international expansion into Luxembourg provides access to digital asset funds in the world’s second largest fund and asset management investment market. We look forward to providing the regulated crypto solutions and bank-grade custody Luxembourg investors need to invest in digital assets with confidence,” says Mathias friedliHead of Funds and Hedge Funds at Sygnum Bank.
Sygnum chose Luxembourg as part of its international expansion strategy due to its clear regulatory frameworks, growing adoption and strong local demand for reliable, institutional-grade crypto services. Luxembourg is the largest fund center in Europe with 27% market share and AuM of CHF 6tn. AIFs have also grown by more than 30% over the past three years, fueled by the European Alternative Investment Fund Managers Directive (AIFMD) which allows Luxembourg asset managers to “passport” their management services and easily distribute funds throughout the EU.
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