Sygnum and Deribit are now leveraging crypto custodian Fireblocks' "Off Exchange" service
The Zug and Singapore-based lender closed the oversubscribed "strategic growth round," which was led by BTC-focused venture capital firm Fulgar Ventures
Fulgur Ventures, a cornerstone investor in the final close of Sygnum’s strategic growth round, is known for backing major industry platforms like Blockstream.
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
Meanwhile, altcoins may flounder unless the United States passes rules favoring crypto adoption, the asset manager said.
A notable 65% of the survey respondents are bullish long-term, with 63% mulling more allocation to digital assets in the next three to six months.
The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.