The post Sygnum Obtained Major Payment Institution Licence! appeared first on Coinpedia Fintech News
Singapore, a subsidiary of Swiss cryptocurrency bank Sygnum, has received a major payment institution license from the Monetary Authority of Singapore, allowing it to offer digital payment token (DPT) trading services to accredited investors and institutions. The license enables the firm to expand its regulated offerings to Asia-Pacific markets, including Hong Kong. Sygnum manages almost CHF3.5bn ($3.5bn) in assets under management across over 60 countries.
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