LATEST: Sygnum Secures Crypto License in Liechtenstein for EU Expansion

Sygnum, a leading global digital asset bank, has expanded its presence in Europe by registering its subsidiary with Liechtenstein’s Financial Market Authority (FMA). This move allows Sygnum to provide its regulated crypto services, such as brokerage, custody, and B2B banking, within the European Economic Area (EEA), taking advantage of Liechtenstein’s progressive and crypto-friendly regulations.

By establishing itself in Liechtenstein, Sygnum gains access to the entire EU market ahead of the upcoming Markets in Crypto-Assets Regulation (MiCA) in 2025. The company’s Chief Clients Officer, Martin Burgherr, highlighted this step as pivotal in expanding Sygnum’s regulated footprint across the EU, the world’s largest trading bloc.

Sygnum’s journey to becoming a key player in the European crypto market continues, having already made a mark in Asia and Luxembourg. The bank recently achieved profitability and further cemented its status as a trailblazer by issuing the first Bitcoin-backed syndicated loan through a regulated bank.

Source

37.9K Reads