Float, Sygnum Bank, and Fasanara Capital Collaborate to Tokenize Private Debt Markets

Float and Sygnum Bank have joined forces to launch the Float Token, a private debt asset token available exclusively to Sygnum clients.

The token offers investors the chance to participate in a private debt portfolio alongside Fasanara Capital, a prominent institutional fintech credit fund manager.

According to the company, with an 18-month maturity and a fixed annual interest rate of 14 percent, the token also provides quarterly interest payments and exposure to a diversified portfolio of SME loans to European SaaS and technology businesses.

Investors in the Float token enjoy benefits such as on-chain proof of ownership, ease of transferability, lower ticket sizes, and liquidity in Sygnum's secondary market, SygnEx. The token and investor rights fully comply with the Swiss DLT legal framework.

Fatmire Bekiri, Head of Tokenisation at Sygnum, commented that the Float Token marks the first time a high-yielding private market instrument is being made widely accessible through tokenization.

Fasanara Capital, one of Europe's largest tech-enabled credit fund managers, acts as the senior lender for this initiative. The company manages over USD 4 billion AuM in fintech strategies and is dedicated to bringing more debt on-chain, contributing to the growth of tokenized debt markets, which are expected to reach USD 3.5 trillion by 2030.

Cedric Notz, CEO and Co-Founder of Float, highlighted the resilience of Revenue-Based Lending (RBL) to European SaaS businesses and its strong risk-return profile. According to him, The Float Token, as the first private debt asset token, represents an interdisciplinary, innovative partnership that is poised to transform traditional finance in the future.

Sygnum, which was the first bank to offer a regulated, end-to-end tokenization solution in 2020, continues to provide investors with trusted exposure to asset classes that were once hard to access, such as private debt markets, in a direct, fully compliant, and fractional manner through platforms like Desygnate and SygnEx.