Sygnum and Moomoo Collaborate to Launch Crypto Fund
Leading broking platform Moomoo SG and Sygnum Singapore, a division of the forward-thinking digital asset bank, have formed a strategic alliance. Their joint goal is to introduce Singapore’s accredited investors to Sygnum’s multi-manager fund. This partnership marks an important turning point for both businesses as it makes Moomoo the first distributor of Sygnum Singapore’s asset management products.
Singapore’s Moomoo Regulatory Qualifications
Moomoo Singapore is a regulated platform that functions under the Monetary Authority of Singapore’s (MAS) Major Payment Institution Licence and Capital Markets Services Licence. These licenses demonstrate the platform’s strong position in the financial ecosystem and dedication to compliance.
Platform Acquires One Million Users
A significant accomplishment for Moomoo Singapore
Moomoo Singapore keeps up its reputation as a wealth management and broking platform that prioritises digital technology. In April 2024, the company announced that it had reached a significant milestone: one million users. This accomplishment highlights its increasing sway over accredited and retail investors in Singapore’s vibrant financial sector.
The Function of Sygnum in the Innovation of Digital Assets
With origins in Switzerland and Singapore, Sygnum is a trailblazing digital asset bank that provides a wide range of services in asset management, tokenisation, and cryptocurrency banking. This partnership with Moomoo supports Sygnum’s objective to offer its global customers state-of-the-art financial solutions.
Sygnum Increases Its Worldwide Presence
Liechtenstein Crypto License Acquired by Sygnum
By acquiring a crypto license in Liechtenstein, Sygnum has expanded its business activities to Europe. The digital asset bank is now in a position to access new markets in the European Economic Area (EEA) thanks to its calculated expansion.
2024 Record Performance
A 500% increase in trading in cryptocurrency derivatives and a doubling of trading volumes in cryptocurrency spot compared to 2023 propelled the bank’s remarkable development and profitability in the first half of 2024. These outcomes demonstrate Sygnum’s proficiency in navigating the dynamic landscape of digital assets.
Plans for Future European Expansion
In the future, Sygnum intends to expand its regulatory presence in the EEA and EU. The bank plans to open a new office and obtain further licenses by the first quarter of 2025, which would be a major step towards its goal of becoming the industry leader in digital asset banking.
A new era of global banking and investing solutions is being heralded by this alliance and expansion, which demonstrate the increasing convergence of traditional financial services and the developing digital asset area.
