PRESS RELEASE

Sygnum first Swiss bank to open metaverse hub

 

• Sygnum’s metaverse hub is located in the virtual equivalent of New York’s Times Square,
  and features a CryptoPunk receptionist, interactive NFT gallery and event space
• Official public launch & livestream event in Decentraland on 27 September 2022 at 11:00am CET
• Hub showcases Sygnum’s Web3 product innovations and provides a trusted entry point for investors into the emerging USD 5tn crypto-powered metaverse economy

 Zurich, 1 September 2022 – Sygnum announces the opening of the first metaverse hub by a Swiss bank
in the virtual equivalent of New York’s Times Square. The Decentraland hub is Sygnum’s Web3 portal to the emerging USD 5tn metaverse economy, and features a CryptoPunk receptionist, interactive NFT gallery and event space.

Sygnum officially launches its Decentraland metaverse hub with a livestream event on 27 September 2022 at 11am CET. To attend the public event, visitors only need to click https://bit.ly/SygnumWeb3 to be teleported directly into the Sygnum hub. No specialised software or instruction is required, with entry only taking a few moments.

The metaverse – home to a future USD 5tn crypto-powered economy

The metaverse is an always-on interactive 3D world built on open blockchain technology that allows users to socialise, play games, work and earn, shop and develop new skills. As personal digital, physical, financial and social worlds become increasingly linked by connected devices, the demand for enhanced user experiences also continue to rise. The metaverse has the potential to deliver these enhanced experiences and reach a value of USD 5tn by 2030¹, according to McKinsey research.

Decentraland is the first and largest metaverse which leverages a crypto called MANA to facilitate gaming and the purchase of virtual land, goods and services in the space. Sygnum’s three storey hub is located in the virtual equivalent of New York’s Times Square. Users’ avatars can learn about Sygnum in the Crypto Garden and experience Sygnum’s vision of Future Finance in action throughout the three-storey complex. Areas include the SYGN lounge with a CryptoPunk receptionist, an interactive NFT gallery featuring curated exhibitions from Sygnum, its clients and leading creators, plus an exhibition hall for events and launches.

Sygnum – a crypto-native financial institution in the metaverse

Sygnum believes that the metaverse, enabled by Web3 technologies, is evolving into the next iteration of the internet. Rooted in Swiss and Singapore heritage, Sygnum has also been an active, crypto-native member of the Web3 community since its inception, with projects including:

• Tokenizing a blue-chip NFT, Cryptopunk #6808
• Developing products, including regulated Ethereum staking, on open blockchains
• Regulated trading and asset management products for Decentralised Finance (DeFi) applications 
• Membership of the governance council of Klaytn, Asia’s leading crypto blockchain and regional
  leader for gaming, metaverse and the creator economy
• Providing computing power for DFINITY’s Internet Computer (ICP)

“Metaverse investment is ramping up, powered by crypto-enabled retail transactions and a new generation of users completely at home with socialising, shopping and working in virtual spaces. Our new metaverse hub is the natural place to showcase Sygnum’s Web3 innovations and provide a trusted entry point for investors into the fast-growing Future Finance economy”, says Martin Burgherr, Sygnum Chief Clients Officer.“

 

END
 

 McKinsey & Company Report – Value Creation in the Metaverse, June 2022

Please see the following pages for a video tour and images of the Sygnum metaverse hub that can be republished

About Sygnum

Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com.

Media contact: Stefanie Riedel T: +41 58 508 20 18 E: stefanie.riedel@sygnum.com     Sygnum Bank AG Uetlibergstrasse 134a 8045 Zürich Switzerland

Disclaimer: This document was prepared by Sygnum Bank AG. This document may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Bank AG, its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not intended to be used as a general guide to investing and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Bank AG makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.

Sygnum’s metaverse hub in Decentraland

Click below to watch and download a video tour of Sygnum’s metaverse hub in Decentraland,
located at land parcel (-7,12) https://vimeo.com/744962204/36ff2caa78

SYGN lounge – Ground Floor

Visitors to Sygnum’s SYGN lounge will be greeted by a CryptoPunk receptionist, the CryptoPunk
#6808 NFT tokenized by Sygnum. Read about it here

NFT Gallery – Second Floor

The interactive NFT gallery, located on the second floor, provides an interactive setting for
Sygnum, its clients and leading creators to showcase projects. This space is open to all
Decentraland players, collectors and fans

Exhibition Hall – Top Floor

The exhibition hall features a performance stage and event space for livestream events,
conferences, launches and concerts