Today digital asset bank Sygnum said it has received regulatory approval for its local subsidiary to operate in Liechtenstein. It’s eyeing delivering services in the European Union with the core of the Markets in Crypto-Assets Regulation (MiCA) coming into force at the end of the year.
Sygnum started as a Swiss regulated bank in 2019 and quickly expanded to Singapore with a capital markets services license, adding a major payments institution license last year. It’s planning to enter Hong Kong as well. It already has authorizations in Abu Dhabi and Luxembourg.
Like Switzerland, Liechtenstein was early to launch its own digital asset legal framework. Sygnum is now licensed as a crypto asset service provider (CASP) for brokerage, custody and B2B banking. MiCAR will be absorbed into Liechtenstein’s regulations in Q1 2025.
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