The deadline for gaining approval under MiCA [Markets in Crypto Assets regulation] was yesterday, July 1st. Anyone not approved, must immediately cease any crypto activities.
Sygnum, a digital asset bank based in Switzerland that is regulated in multiple jurisdictions and holds a MiCA license in Liechtenstein, has issued a statement highlighting the fact that it is a regulated bank and not an newcomer to providing crypto services in the jurisdictions it operations including Europe.
The crypto native operation says Sygnum Europe is well positioned to be the trusted partner in the EU/EEA for high-net-worth individuals, institutional investors and banks.
Simon Schneider, CEO of Sygnum Europe, says that as digital and traditional finance converge their direct access to to the European market will help them bring trusted and secure services to more Europeans.
Sygnum targets HNWI (high net worth individuals) where sophistication is expected. They also provide custody claiming a bank grade infrastructure. All of this and more is ready to support bank to bank dealings as digital assets become prevalent.
Sygnum currently operates in the EU/EEA, Singapore and Abu Dhabi.
