Swiss Digital Asset Bank Sygnum launches NFT issuance, consulting and custody services – NFTgators
Quick take:
- Sygnum NFT is an institutional platform that combines NFT concept advisory, NFT issuance and a fully compliant NFT launchpad.
- The platform paves the way for companies, associations, brands and artists to enter the NFT area.
- Sygnum seamlessly integrates NFT custody into its bank-grade custody offering to serve its bank customers.
Swiss digital asset bank Sygnum has launched Sygnum NFT, an institutional platform that combines NFT concept advisory, NFT issuance and a fully compliant NFT launch platform.
The platform is aimed at large enterprises, sports clubs and associations, consumer brands and leading artists who want to explore the huge potential of NFTs to revolutionize digital community engagement as well as monetize brand and intellectual property rights.
Sygnum’s NFT platform enables creators to issue and sell NFTs to their customers, communities or fans in full compliance with applicable legal, regulatory and tax provisions. It also streamlines a number of complex challenges, including tax and balance sheet processes, crypto-to-fiat conversions as well as technological hurdles.
Creators can also take advantage of the ability to receive and store sales revenue in both fiat and cryptocurrency at the bank. The platform marks Sygnum’s first step in providing reliable services to the wider communities outside the banking community.
To prevent common cases of fraud that plague NFT marketplaces, the platform only allows curated content and vetted NFT issuers. To simplify the buying process for crypto newbies, NFTs can be bought via their credit card or crypto with zero gas fees.
“This initiative is further testimony to Sygnum’s unique value proposition of being a technology company with a banking license, pioneering solutions built on future-proof technology and in full compliance with current laws and regulations”, says Thomas Eichenberger, head of business units at Sygnum Bank. .
Alongside the launch of the NFT platform, Sygnum is also introducing bank-grade NFT custody services for its bank customers. By leveraging Sygnum’s purpose-built multi-custody platform, clients can benefit from a highly secure yet easily accessible storage solution for their high-value NFTs.
This news comes shortly after Swiss crypto bank SEBA became the first ever bank to offer regulated custody for blue-chip NFTs.
In September, Sygnum opened a metaverse hub in Decentraland. With roots in Switzerland and Singapore, Sygnum has also been an active, crypto-native member of the Web3 community since its inception, with projects including tokenization of a blue-chip NFT, Cryptopunk #6808; and regulated Ethereum staking on open blockchains as well as trading and asset management products for DeFi applications.
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