Sygnum Bank Middle East Launches In Abu Dhabi
Sygnum, the world's first digital asset bank, announces the opening of its Middle East hub in the Abu Dhabi Global Market international financial centre to provide a portfolio of Swiss-regulated crypto banking services.
Abu Dhabi licence
Sygnum Bank Middle East will offer personal, concierge-style client service, enabling convenient local client access to a portfolio of Swiss-regulated digital asset banking, asset management, tokenization and B2B banking services. With regional demand for regulated crypto services on the rise, clients will be drawn from a diverse range of sectors, ranging from existing local crypto foundations and projects to "traditional" institutional investors and qualified HNWI looking for trusted crypto asset exposure through a regulated partner.
Sygnum Bank Middle East's Senior Executive Officer, Giulia Finkbeiner-Bertoni, says "The UAE has a proactive investment programme, a progressive crypto regulatory framework and a dynamic, tech-driven economy. We look forward to leveraging this momentum by bringing Sygnum's trusted digital asset services to Abu Dhabi and the region."
International crypto hub
Welcoming the FSP announcement, Arvind Ramamurthy, Chief of Markets at ADGM said, "ADGM congratulates Sygnum Bank ME for obtaining their Financial Services Permission from ADGM's FSRA and welcome them to our rapidly growing business ecosystem. We believe that Sygnum's regulated finance offering in Abu Dhabi is a significant addition to our community and will contribute to the growth of the region. As the largest regulated jurisdiction for digital assets in the MENA region, ADGM acts as a catalyst with the right tools that enable the growth of such companies within the UAE's financial sector. With Sygnum's presence in the region, we are committed to upholding market transparency and integrity that bolsters the economic growth of Abu Dhabi, attracts global companies and aids in making it a digital-first international financial hub for seamless business transactions."