Sygnum Obtains Major Payment Institution⁢ Licence from the MAS

Sygnum, a ⁣leading digital asset bank, ​has recently‍ announced that‌ it has ⁤obtained a Major Payment Institution Licence from the Monetary Authority of Singapore (MAS),⁣ allowing the ​bank to provide payment services and issue⁣ e-money in Singapore.

This significant step forward reinforces Sygnum’s position as a key ‍player in the digital banking sector. With its new licence, Sygnum will now be able to seamlessly integrate⁤ traditional fiat banking services with digital assets, providing customers with greater flexibility and accessibility in managing their financial assets.

With the MAS’s rigorous licensing process, Sygnum’s achievement demonstrates its commitment‍ to regulatory compliance and adherence to the highest industry standards. This licence positions Sygnum as one⁣ of the few digital asset ⁤banks globally with the regulatory green light to offer banking services in multiple‍ jurisdictions.

With the⁣ rise of ⁢digital​ currencies ⁢and the growing demand for seamless ​digital ‌banking solutions, Sygnum’s⁢ newly acquired licence⁣ allows the bank to offer a wide range of services,⁤ including the issuance of digital payment tokens, conversion of digital‍ payments into fiat currency, and the ability to⁤ transfer funds on behalf of customers.

By ​bridging the gap between traditional banking and the rapidly evolving digital payments landscape, Sygnum aims to foster innovation, enhance ‍financial inclusion, and drive digital transformation in the banking sector.

With ​its ⁤focus⁢ on security, transparency, ‌and reliability, Sygnum’s digital banking solutions provide a robust framework for⁢ individuals and institutions looking to harness‌ the potential of ‌digital assets in a regulated and accessible environment. ‍The acquiring​ of this major licence from the ​MAS further‌ solidifies Sygnum’s commitment to becoming a cornerstone institution in​ the digital⁤ banking revolution.