Sygnum launches NFT issuance, advice and custody

Dynamics Group AG / Keywords: Cryptocurrency / Blockchain/Product Launch

Sygnum launches NFT issuance, advice and custody

01.11.2022 / 10:12 CET/CEST


PRESS RELEASE

Sygnum launches NFT issuance, advice and custody

Zurich, November 1, 2022 – Sygnum, the world’s first digital asset bank, today launches a range of specialized NFT services aimed at professional developers, the ever-growing Web3 community and their banking customers.

  • Institutional platform combining NFT concept advisory, NFT issuance and a fully compliant NFT launch pad
  • Sygnum is paving the way for companies, associations, brands and artists to enter the NFT space and enable them to build and engage their Web3 communities
  • For its banking customers, Sygnum seamlessly integrates NFT custody into its existing custody offering and its all-in-one account solution

Sygnum NFT is an institutional NFT platform aimed at large enterprises, sports clubs and federations, consumer brands and leading artists who want to explore the enormous potential of NFTs to revolutionize digital community engagement, brand and intellectual property rights.

Unlike existing NFT platforms that offer partial solutions, the Sygnum NFT platform enables creators to devise, issue and sell NFTs to their customers, community or fan base in full compliance with applicable legal, regulatory and tax laws . In addition, it simplifies a number of complex challenges, including tax and accounting processing, converting cryptocurrencies to fiat, and technological hurdles.

Sygnum NFT offers publishers a simplified, non-technical experience by providing them with an end-to-end solution that includes strategy, publishing, distribution and collection management. Publishers benefit from the ability to flexibly receive and store sales proceeds in both fiat and cryptocurrency[1] as well as Sygnum’s deep expertise in digital assets and blockchain and track record of launching services taking into account applicable legal and regulatory frameworks.

NFT buyers, whether first-time or experienced buyers, enjoy peace of mind knowing that Sygnum thoroughly vets all publishers on the platform and only allows curated content on the platform. To simplify the experience for first-time buyers, NFTs can be purchased with your own credit card and without transaction fees.

In addition to launching Sygnum NFT, Sygnum also offers custody of NFTs to its bank customers. By using Sygnum’s purpose-built multi-custody platform, clients benefit from a highly secure yet conveniently accessible custody solution for their high-value NFTs. NFTs deposited with Sygnum are validated with Sygnum’s world-class crypto-AML tool and integrate seamlessly with customers’ all-in-one e-banking account.

Sygnum NFT is the first step in “opening up” trusted services to a wider audience outside of Sygnum’s banking environment. “This initiative is further proof of Sygnum’s unique value proposition of being a bank-licensed technology company that develops cutting-edge solutions based on future-proof technology and in full compliance with applicable laws and regulations,” says Thomas Eichenberger, Sygnum’s Head of Business Units Bank.

END

About Sygnum

Sygnum is the world’s leading digital asset bank and a specialist with a global reach. With the Swiss banking license from Sygnum Bank AG and the Capital Market Services (CMS) license from Sygnum Pte. Ltd in Singapore, Sygnum enables institutional and retail qualified investors, corporates, banks and other financial institutions to invest in digital assets with complete confidence. Sygnum operates an independently managed, scalable and future-proof regulated banking platform. Sygnum’s multidisciplinary team of banking, investment and DLT (distributed ledger technology) experts are actively shaping the development of a trusted ecosystem for digital assets. The company is based on the tradition of the Swiss and Singapore financial centers and operates worldwide. To learn more about Sygnum, please visit www.sygnum.com.

Press contact:
Stephanie Riedel
Telephone: +41 58 508 20 18
E: stefanie.riedel@sygnum.com


Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zurich
Switzerland

Legal notice and disclaimer: This document was created by Sygnum Bank AG. It may contain forward-looking statements, and statements contained herein may change at any time. The opinions expressed herein are those of Sygnum Bank AG, its subsidiaries and partners at the time of writing. The document is for informational purposes only and contains general statements. It is intended for the recipient only. It is not an advice, offer or solicitation by or on behalf of Sygnum Bank AG to buy or sell assets or securities. The document is not intended as a general investment guide and may be used for informational purposes only. When making an investment decision, you should either do your own research and analysis or seek the advice of an expert to make a decision that is reasonable in all circumstances. The information and analysis in this document has been compiled from sources believed to be reliable. However, Sygnum Bank AG does not guarantee its reliability or completeness and assumes no responsibility for losses resulting from the use of this information.

In case of doubt, the original English report is legally binding.

[1] Sale proceeds are accepted in USD, EUR, CHF and SGD and all crypto protocols offered by Sygnum Bank


End of media releases


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