Press Release
 

Sygnum launches NFT issuance, consulting, and custody

Zurich, 1 November 2022 – Sygnum, the world’s first digital asset bank, today launches a suite of specialised NFT services targeting professional creators, the ever-growing Web3 community as well as its banking clients.

• Institutional-grade platform combining NFT concept advisory, NFT issuance and a fully-compliant NFT launchpad
• Paving the way for corporates, associations, brands and artists to enter the NFT space and build and engage their Web3 communities with complete peace of mind
• For its banking clients, Sygnum seamlessly embeds NFT custody in its bank-grade custody offering and all-in-one account solution

Sygnum NFT is an institutional NFT platform targeted at major corporates, sports clubs and associations, consumer brands and leading artists looking to explore the enormous potential of NFTs to revolutionize digital community engagement as well as the monetization of brand and intellectual property rights.

Unlike existing NFT platforms that offer partial solutions, the Sygnum NFT platform enables creators to conceive, issue and sell NFTs to their customer, community or fan base with complete trust and in full compliance with applicable legal, regulatory and tax provisions. It also streamlines a range of complex challenges, including tax and balance sheet treatments, crypto-to-fiat conversions as well as technological hurdles.

Sygnum NFT provides a simplified, non-technical experience to creators by offering them an end-to-end solution comprised of strategy, issuance, distribution and collection management. Creators benefit from the ability to flexibly receive and store sale proceeds in both fiat and cryptocurrencies[i] as well as Sygnum’s in-depth digital asset and blockchain expertise and track-record of launching services with robust legal and regulatory frameworks.

NFT buyers, be it first-time or experienced buyers, enjoy full peace of mind knowing that Sygnum has vetted every issuer and only allows curated content on its platform. To simplify the experience for first-time buyers, NFTs can be purchased via their credit card or crypto with zero gas (transaction) fees.

Alongside the launch of Sygnum NFT, Sygnum also introduces bank-grade NFT custody services for its banking clients. Leveraging Sygnum’s purpose-built multi-custody platform, clients benefit from a highly-secure, yet conveniently accessible storage solution for their high-value NFTs. NFTs deposited to Sygnum custody are screened with Sygnum’s best-in-class crypto-AML tool and seamlessly integrated into clients’ all-in-one e-Banking account.

Sygnum NFT represents the first step in “opening up” trusted services to the broader communities outside the Sygnum banking environment. “This initiative is further testament to Sygnum’s unique value proposition of being a technology company with a banking licence, pioneering solutions built on future-proof technology and in full compliance with applicable laws and regulations“, says Thomas Eichenberger, Sygnum Bank Head of Business Units

ENDS

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.

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.

^[i] Sale proceeds are accepted in USD, EUR, CHF and SGD and any crypto protocols offered by Sygnum Bank