Sygnum, a digital asset banking group, announces a new office in Lugano, the largest city in the Canton of Ticino and the Italian-speaking area of southern Switzerland.
The move aims to expand client services and enable collaboration with the Lugano-based Bitcoin and digital asset ecosystem and Plan ₿, a City of Lugano initiative to promote the adoption of blockchain tech.
Sygnum’s Lugano office will serve as a local access point for Sygnum’s roster of Ticino based clients, prospects and partners.
Sygnum’s Relationship Managers provide “white-glove service” and enable local access to the bank’s high-security custody, trading and crypto-backed Lombard Loans, as well as to a range of other services from one partner.
At Sygnum, all client digital assets are held “off-balance sheet, making them bankruptcy remote.”
The bank’s office in the Plan ₿ HUB in Lugano aims to foster collaboration with the City of Lugano and spark innovation with Plan B’s Bitcoin and digital asset ecosystem.
The City of Lugano is known for its progressive stance on digital asset regulations, with residents being able to “settle municipal taxes and make everyday payments to a large numbers of merchants using Bitcoin and other digital assets.”
Plan ₿’s mission is to leverage Bitcoin tech to transform the city’s financial infrastructure and lead initiatives ranging from Bitcoin investment pools and sustainable mining to “specialised educational programs and industry-leading Bitcoin events like the Plan ₿ Forum.”
Sygnum also announces the launch of ₿itcoin@Sygnum, a company-wide initiative to strengthen partnerships in the Bitcoin ecosystem, “contribute new Bitcoin-related research and thought leadership, and advance new Bitcoin-based products and technology integrations.”
Sygnum’s initiative reflects the need for Bitcoin centres to harness the original digital asset’s potential for the financial system.
As covered, Sygnum is a digital asset banking group, founded on Swiss and Singapore heritage.
They help clients with investing in digital assets and their team enables this through institutional-grade security, personal service and a portfolio of digital asset banking, asset management, tokenisation and B2B services.
In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore.
The group is regulated in the financial hubs of Abu Dhabi and Luxembourg.
Their team of banking, investment and digital asset tech professionals are building a gateway between traditional and digital asset economies.