Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move will enable the company to offer regulated services in the EU and European Economic Area under the upcoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its global presence through strategic partnerships and impressive financial milestones.

Sygnum Expands European Reach with Liechtenstein E-Money License

Switzerland-based digital asset banking group Sygnum announced on Monday that it has “taken a significant step towards expanding its operations in Europe by registering a local subsidiary with Liechtenstein’s financial regulator, the FMA.” The announcement detailed:

The registration allows Sygnum to offer its regulated digital asset services, including brokerage, custody and B2B banking, to the Liechtenstein market.

“By establishing this presence in a member state of the European Economic Area (EEA), Sygnum can take advantage of the country’s harmonized regulations with the EU, including the Markets in Cryptoassets (MiCA) Regulation that is about to come into force,” the announcement added.

The move is part of the company’s broader strategy to expand across the European Union and European Economic Area, with full access to all 30 markets expected by early 2025 under MiCA. The move is significant as it allows Sygnum to offer its regulated services to a wider market through Liechtenstein’s harmonised regulatory framework with the EU.

The EEA is an economic area comprising the EU member states and three countries—Liechtenstein, Norway and Iceland—that adhere to EU laws and regulations while maintaining their independence from direct EU membership. Sygnum Chief Customer Officer Martin Burgherr said the registration marks an important step in expanding the bank’s services across the region, especially as MiCA comes into effect. Burgherr said:

We are excited to announce Sygnum’s expansion into Liechtenstein, a country known for its forward-thinking approach to innovations in finance and digital assets.

In addition to focusing on the European market, Sygnum is also pursuing growth in Asia, including expanding to Hong Kong and developing additional services through its Singapore-based platform.

What do you think about Sygnum's expansion strategy across Europe and Asia? Let us know in the comments below.
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