Sygnum gains Swisscom and daura as partners and Singtel Innov8 as investor

Issuance and settlement of digital assets
Secure and seamless issuance and efficient settlement of digital assets, including fiat gateway, starting with the tokenization of Swiss SME (small and mid-sized enterprises) shares. The solution is being developed in close collaboration with daura.

“Sygnum and daura are a perfect ecosystem fit. We both share a vision of tokenized assets being held on the blockchain. While daura provides the legal and technical framework to issue shares on the blockchain in a fully compliant manner with Swiss regulations, Sygnum is building an integrated infrastructure solution to help companies raise capital from investors”, says Peter Schnürer, CEO of daura.

AML/KYC module
An “Anti-Money Laundering/Know your Customer” module that fits seamlessly into today's regulatory framework which Sygnum is developing together with the Swiss law firm MME, an integrated law, tax and compliance firm.

“We designed a framework to merge compliance relevant blockchain-based information with existing AML concepts. The result is an efficient AML tool which meets Swiss compliance standards”, says Luka Müller, Founding Partner and Chairman of the board of Sygnum.

Switzerland and Singapore as target markets
Sygnum has decided to develop its products and services simultaneously in two of the leading onshore financial hubs – Switzerland and Singapore. Both countries are recognized as strong, internationally oriented financial centres, share many cultural and economic similarities and are also at the very forefront of digital asset innovation globally.

Manuel Krieger and Mathias Imbach, Founding Partners of Sygnum, are delighted with the progress made to advance the digital asset ecosystem. “We are grateful for the support received by key institutions in both Switzerland and Singapore. We are confident that together we can help to make a difference in solving the challenges that the finance industry and the new world of distributed ledger technology and digital assets face. In the first phase, our planned offerings will target qualified/accredited as well as institutional investors. In the second phase, we plan to offer bank-to-bank technology solutions to empower other financial institutions to provide services to the token economy. Through this, we hope to help put the new and rapidly growing digital asset ecosystem on a solid and future-proof foundation. The table is set – we now continue to focus on delivery.”