Sygnum AG, a financial technology company that aims to empower financial services for the digital asset ecosystem, has created a strategic partnership with daura to build a solution to securely issue digital assets such as tokenised shares and investment products.
For the secure storage of digital assets, Sygnum and Swisscom founded a joint venture: CUSTODIGIT. Furthermore, the venture capital arm of the Singtel Group, Singtel Innov8, supports Sygnum with an investment.
As strategic partners, Sygnum, Swisscom and daura AG will build a digital asset ecosystem addressing the key pain points associated with the integration of digital ledger technology into the financial industry.
The ecosystem addresses important issues such as the absence of regulated fiat-digital gateways and the lack of compliant and secure custody solutions for digital assets.
Sygnum has decided to develop its products and services simultaneously in two of the leading onshore financial hubs – Switzerland and Singapore. Both countries are recognized as strong, internationally oriented financial centres, share many cultural and economic similarities and are also at the very forefront of digital asset innovation globally.
Mathias Imbach and Gerald Goh, founding partners of Sygnum, are delighted with the progress made to advance the digital asset ecosystem. "We are grateful for the support received by key institutions in both Switzerland and Singapore. We are confident that together we can help to make a difference in solving the challenges that the finance industry and the new world of distributed ledger technology and digital assets face."