Sygnum launches crypto asset management service…taking aim at the '$100bn' market
Summary
- Sygnum said it will launch its institutional crypto asset management service, Sygnum Select.
- Sygnum said crypto holdings of digital asset treasury (DAT) companies worldwide exceed $100bn.
- Sygnum Select is reported to include strategic asset allocation, rebalancing, risk management, spot trading, staking, derivatives and tokenized securities investments.
Forecast Trend Report by Period
Swiss-based crypto-focused financial firm Sygnum has rolled out an institutional crypto asset management service.
According to Cointelegraph on the 26th (local time), Sygnum announced it would launch an institutional crypto asset management service called “Sygnum Select” that day. The company said the service applies traditional Swiss banks’ portfolio management model to cryptocurrencies.
Sygnum is targeting digital asset treasury (DAT) companies that stockpile cryptocurrencies. Sygnum estimates that the crypto holdings of DAT companies worldwide exceed $100bn. “Not a few companies lack professional, institutional-grade operating infrastructure,” Sygnum said, adding that “strong demand is forming for regulated, compliance-based services that fill this gap.”
Assets deposited with Sygnum Select are managed within an investment framework agreed with the client. Sygnum is responsible for strategic asset allocation, rebalancing and risk management. Sygnum’s management guidelines are said to include spot trading, staking, investments in derivatives and tokenized securities.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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