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Sygnum: Awarded Abu Dhabi in-principle approval | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Sygnum: Awarded Abu Dhabi in-principle approval

Sygnum: Awarded Abu Dhabi in-principle approval

  • Sygnum is the world’s first digital asset bank, and a digital asset specialist with a global reach
  • Leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub
  • Appoints executive experienced in the Middle East market to open an office and service local USD 25bn
  • Continued to grow its global client base to nearly 1,500 and team to over 200. Key to expanding this global reach
  • The New Middle-East hub will serve the local market with a crypto-native suite of digital asset banking, asset management
  • Target clients will range from blockchain firms moving to the UAE for its well-regulated crypto environment

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