Ledn, Sygnum Renew $50M Bitcoin Loan Deal as Institutions Chase Yield
Crypto lending platform Ledn and Swiss digital asset bank Sygnum have refinanced a $50 million Bitcoin-backed syndicated loan, highlighting growing demand from institutional investors seeking higher-yield opportunities in the digital asset market. The refinancing marks a continuation of the firms’ partnership in developing secured credit products backed by Bitcoin. The deal was reportedly oversubscribed, reflecting […]
Fidelity, Sygnum Partner with Chainlink for On-Chain NAV Data
Chainlink partners with Fidelity and Sygnum to provide real-time on-chain NAV data for Fidelity’s $6.9 billion Institutional Liquidity Fund. Chainlink, Fidelity International, and Sygnum have joined forces to provide Net Asset Value (NAV) information onchain. As per the announcement made on July 3, the project would enable real-time on-chain access to the NAV of Fidelity’s […]
Sygnum Singapore Gets MPIL Approved by MAS
The Monetary Authority of Singapore (MAS) has approved Sygnum Singapore’s application for a Major Payment Institution License (MPIL). This license allows the bank to offer regulated cryptocurrency brokerage services to its customers. Sygnum, the Southeast Asian branch of Switzerland’s crypto-friendly Sygnum bank, plans to expand its digital asset services in Singapore. The expansion comes after […]
Swiss Postfinance bank to offer Bitcoin trading
Swiss government-owned retail bank PostFinance is prepared to offer Bitcoin trading and storage services to its customers and issue crypto stamp collectibles. The PostFinance bank has joined with the local cryptocurrency bank Sygnum to provide its clients with a variety of regulated digital asset banking services, the companies said on April 5. PostFinance users will […]
Swiss Bank Sygnum Tokenizes Picasso
Swiss bank for digital assets Sygnum and art investing pioneer Artemundi have collaborated to tokenize Pablo Picasso’s 1964 painting “Fillette au béret.” Investors can now purchase “shares” in fine art ownership on the blockchain . Sygnum has stated that it has become the first bank to give tokenized ownership rights to a fine art piece […]