On November 5, Sygnum, a digital asset banking group, announced the transformation of its Yield Core AMC, a product that invests in cryptocurrency income generation strategies, including lending, financing arbitrage, and liquidity provision, into a Luxembourg Retained Alternative Investment Fund (RAIF) structure. The shift, aimed at expanding the fund's international distribution potential, enhancing investor protection and strengthening its "risk-reward profile", has been embraced by 99 per cen...
On September 23rd, according to CoinDesk, a subsidiary of digital asset banking group Sygnum has obtained a crypto asset service provider (CASP) license in Liechtenstein. This registration allows Sygnum to provide regulated digital asset services, including brokerage, custody, and banking, to the European Economic Area (EEA) under the European Union's Crypto Asset Markets Act (MiCA). The move marks Sygnum's plans to expand into the European Union market, joining companies such as Coinbase and Ci...
The Basel Committee has released an update to the compliance rules for crypto-asset banks. It has also released its final disclosure framework. The rule changes appear to be relatively minor compared to previous plans. In its latest consultations, the committee has threatened to...