Sygnum, a Swiss digital asset banking group, has taken a major step toward expanding its services in Europe. The company recently registered its subsidiary with the Liechtenstein Financial Market Authority (FMA), enabling it to offer regulated digital asset services across the European Union (EU) and European Economic Area (EEA) under the upcoming Markets in Crypto-Assets (MiCA) framework.
This strategic move allows Sygnum to offer services such as brokerage, custody, and B2B banking to clients in Liechtenstein and beyond. The company plans to leverage Liechtenstein’s harmonized regulations with the EU to access all 30 EEA markets by early 2025, expanding its presence across Europe.
A Key Step Toward EU Expansion
By establishing a foothold in Liechtenstein, Sygnum is positioning itself to take full advantage of the MiCA regulatory framework, which aims to harmonize crypto asset regulations across the EU. This will allow the banking group to offer its regulated services throughout the entire EEA, which includes EU member states as well as Liechtenstein, Norway, and Iceland.
Martin Burgherr, Sygnum’s Chief Clients Officer, emphasized the significance of this development, highlighting Liechtenstein’s progressive stance on financial innovation and digital assets. “We are excited to announce Sygnum’s expansion into Liechtenstein, a country known for its forward-thinking approach to innovations in finance and digital assets,” Burgherr stated.
Global Growth Strategy
While Europe is a key focus for Sygnum, the bank is also eyeing expansion in Asia. It has set its sights on Hong Kong and is continuing to develop its services through its Singapore-based platform. Sygnum’s global expansion strategy underscores its ambition to strengthen its presence in both European and Asian markets through regulatory compliance and strategic partnerships.
The Liechtenstein registration represents a major milestone for Sygnum as it seeks to offer regulated services under the new MiCA framework. The company’s growing reach in Europe and Asia signals its commitment to becoming a leading player in the global digital asset space.
