FINMA-regulated crypto bank Sygnum taps banking giants to board
Sygnum has announced the addition of two executives to its Board of Directors, Fernando Luis Vázquez Cao, CEO of SBI Digital Asset Holdings, and Al-Noor Ramji, Tata Motors board member and former Prudential Chief Digital Officer.
The crypto-specialist bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and offers a number of digital asset solutions for institutions, including custody, brokerage, tokenization, asset management, lending, and B2B banking.
Luka Müller, Co-Founder and Chairman at Sygnum, commented: “I am delighted to welcome Fernando and Al-Noor to the Sygnum Board and look forward to working with them to further strengthen our technology leadership, governance and innovation capabilities. “
Sygnum reached $2b assets and 1,000 clients
The new members of the board have extensive experience leading technology teams through high-growth transformations and their appointments further strengthen the company’s technology, innovation, governance and security capabilities.
Sygnum has recently raised $90 million to enhance FINMA-regulated access to DeFi. The fundraiser has valued the company at $800 million and fueled the firm’s expansion plans as it enters new markets and co-develops innovative solutions with strategic investors.
Fernando Luis Vázquez Cao is an industry veteran specialized in the Asian financial services sector from both a business and technical perspective. He is currently CEO of SBI Digital Asset Holdings, with advisory, tokenization and issuance, digital exchange, and digital custody business lines under his remit.
Fernando Luis Vázquez Cao said: “I look forward to joining the Sygnum team at such a pivotal time in their development, and to contributing my technology experience to bringing their inspiring vision of Future Finance securely and rapidly to new global audiences.”
Al-Noor Ramji is a Tata Motors Board member and former Group Chief Digital Officer of Prudential, where he founded and built the first Asian and African platform-based ecosystem businesses as well as the super app ‘Pulse”. He has held CEO and EVP positions at Misys, BT Group, Calypso Technologies and the Swiss Bank Corporation.
Al-Noor Ramji commented: “Sygnum is entering a new phase of its operations where driving the scalability and agility of its technology platform is central to enabling future growth. I welcome the opportunity to contribute my experience to Sygnum’s Board and technology leadership as they continue to shape the development of the global digital asset ecosystem.”
Sygnum has recently reached the milestones of USD 2 billion Assets under Administration and over 1,000 global clients as it enters new international markets and co-develops solutions with strategic investors.