Crypto: New Sygnum Release Service Targeting $100b Corporate Crypto...

The Swiss crypto bank will handle strategic asset allocation for corporate crypto treasuries and is already actively managing $200 million in volume at launch.

Global digital asset banking group Sygnum has announced the launch of an institutional crypto asset management service targeting the $100 billion corporate crypto treasury sector.

Sygnum Select, launched on Thursday, is described as a “discretionary mandate service” that applies Swiss banking’s established portfolio management model to crypto assets.

The service launches with live client mandates, client assets, and $200 million in actively managed portfolios already in place, a Sygnum spokesperson told Cointelegraph.

The move comes amid solid growth in corporate and public digital asset treasury companies (DATs) over the last few years, which now hold over $100 billion in crypto assets.

“Yet many lack the infrastructure for professional, institutional-grade management,” which creates “strong demand” for regulated services offering such products and addressing the gap, stated Sygnum.

There are currently 1.13 million BTC held by public companies and 287,990 BTC held by private firms worth a combined $97 billion, according to BitcoinTreasuries.

Not all DATs have been success stories. Ether treasury ETHZilla rebranded to “Forum” on Wednesday as part of a pivot out from holding crypto, with the new focus on tokenized assets following a 20% stock slide year to date.

Meanwhile, the world’s largest BNB treasury company, CEA Industries, has crashed 94% from its high last year, reportedly blaming the family office of Binance founder Changpeng Zhao, YZi Labs, for a “secret side agreement.”

Sygnum Select takes full execution authority within a client’s agreed investment framework, handling strategic asset allocation, active rebalancing, and risk oversight.

Source: CoinTelegraph