Global digital bank Sygnum introduces Sygnum Select, a professional crypto asset management service for institutional clients.
Sygnum Launches Institutional Crypto Asset Management Service
Global digital asset banking group Sygnum has launched Sygnum Select, a discretionary mandate service that applies Swiss banking's established portfolio management model to the rapidly growing corporate crypto treasury sector. According to Sygnum spokespersons, the new service is designed to address the institutional-grade management needs of companies holding significant crypto assets.
Background and Market Trends
The launch of Sygnum Select comes amid robust growth in corporate and public digital asset treasuries (DATs), which now hold over $100 billion worth of crypto assets. However, many DATs lack the necessary infrastructure for professional institutional-grade management, creating a demand for regulated services that can fill this gap.
Sygnum Select: Institutional Solutions for Digital Assets
Sygnum Select allows full execution authority within an agreed investment framework, enabling strategic asset allocation and active rebalancing. This service aims to provide the same level of discipline and holistic approach as traditional private banks in managing clients' assets. Fabian Dori, Sygnum's chief investment officer, emphasized that as digital assets mature, clients are seeking more than just custody and trading—they want a trusted, regulated counterparty who can actively manage their assets.
Portfolio Management Capabilities
The service includes live mandates for spot, staking, hedging, derivatives, tokenized securities, and market-neutral strategies. Most portfolios include multiple asset classes across both traditional and crypto assets. Markus Haemmerli, Sygnum's head of portfolio management, noted that clients can now access bespoke portfolio management combining offerings from traditional asset managers with those available in the crypto space.
Initial Market Focus and Future Expansion
Currently, Sygnum Select is only available to Swiss clients but broader geographic expansion plans are underway. The launch follows Sygnum’s successful fundraising efforts, raising more than 750 BTC for its market-neutral Bitcoin fund in January. In January 2025, the company secured $58 million in an oversubscribed strategic growth round, reaching a post-money valuation of over $1 billion.
Industry Context and Challenges
Not all DATs have been successful; Ether treasury ETHZilla recently rebranded to “Forum” as part of a pivot away from holding crypto. Meanwhile, the largest BNB treasury company, CEA Industries, has experienced significant losses, reportedly due to a secret side agreement with the family office of Binance founder Changpeng Zhao. These challenges highlight the need for robust institutional-grade management in the digital asset space.
Conclusion
Sygnum Select's launch represents a significant step towards providing institutional-grade management solutions in the corporate crypto treasury sector. By offering strategic asset allocation, active rebalancing, and risk oversight, Sygnum aims to meet the evolving needs of clients as the crypto market continues to mature.
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