Digital Assets Banking Group Sygnum Subsidiary Registers as a Crypto Asset Service Provider in Liechtenstein
Sygnum, a leading digital asset bank, has announced that its subsidiary in Liechtenstein has been granted a license to offer regulated digital assets services. This license allows the bank to provide services such as brokerage, custody, and banking under Liechtenstein’s Token and Trusted Technology Service Providers Act.
With this license, Sygnum’s Liechtenstein subsidiary will be able to apply for a crypto-asset service provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA) once Liechtenstein adopts the regulation. The adoption of MiCA is planned for the first quarter of 2025.
This development marks a significant step for Sygnum as it expands its digital assets services into Liechtenstein, a crypto-friendly jurisdiction known for its progressive approach to blockchain and cryptocurrencies.
