Sygnum, a global digital asset banking group has announced on May 27, 2025, that J. Christopher Giancarlo, the former CFTC chairman, will be joining the board as Policy Advisor.
As per Christopher’s LinkedIn profile, he has worked as Commissioner at U.S Commodity Trading and Futures Commission from July 2014 to July 2019, and from August 2017 to July 2019, he also held the position of chairman.
It is worth noting that Christopher has served as acting chairman of the CFTC from January 2017 to August 2017, comprising a tenure of 8 months.
Following his departure from the CFTC, he joined American Financial Exchange LLC as a board member in October 2019 and is currently working with them.
On the other hand, Christopher is serving as the co-founder of the Digital Dollars Foundation, and also holds positions in other companies like Nomura, Willkie Farr & Gallagher, Baton System, and as an advisory board member with the Chamber of Digital Commerce.
While working with Sygnum Bank, Christopher will share his extensive experience in regulatory frameworks, strategic partnerships, and global digital assets, and will contribute his extensive network in both the public and private sectors.
Following Christopher’s joining, the co-founder and Group CEO said, “ His deep understanding of the regulatory landscape, financial market infrastructure, and public policy, as well as his extensive network, particularly in the US, will be invaluable as we continue our growth journey.”
Sygnum’s most recent development in the crypto sector
According to available data, Sygnum Bank has closed a funding of $58 million in strategic growth primarily led by Fulur Ventures, which is the same firm that had recently participated in the bond sales of the Blockchain Group.
The gathered funds by Sygnum Bank will help it to expand its operations in the European Union and EEA market, and it also intends to establish its regulated presence in Hong Kong.
In May this year, Sygnum Bank joined hands with GenTwo, a Swiss Fintech firm, to launch a joint offering that would accelerate the time to market for institutional crypto investment strategies.
With this collaboration, the bank aims to streamline the process for financial institutions to develop and launch crypto products, enhancing accessibility and efficiency.
Also, it collaborated with Binance to enable hedge funds and prime brokers to trade off-exchange while using T-Bills, USD, and stablecoins as collateral, which can earn yield through DeFi infrastructure.
On May 05, 2025, Sygnum Bank joined hands with Deribit, providing its off-exchange custody platform, Sygnum Protect. With this integration, Deribit traders hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.
Data available on Crunchbase, Animoca Brands, SCB 10X, Wemade, Azimut holdings, and Polymorphic Capital are some of the lead investors of Sygnum Bank.
