SINGAPORE – In a sign the digital asset sector is gaining ground in Singapore, the local arm of cryptocurrency banking group Sygnum has tied up with trading platform Moomoo Singapore to offer a fund to accredited investors.
Sygnum Singapore on Dec 18 said its multi-manager fund, known as the digital asset multi-manager fund, will be available to users of Moomoo from the first quarter of 2025.
It noted that this is the first actively managed crypto fund of its kind to be offered on a digital investment and wealth management platform in Singapore.
Moomoo Singapore country head Echo Zhao said many high-net-worth clients now view digital assets as key to having a modern and resilient portfolio.
This view is gaining ground, with more digital assets entering the mainstream and gaining greater adoption, as clients seek to diversify risks, she said.
“As the nascent digital asset market continues to evolve and mature, investors can look to active management to fully maximise the returns on their investments,” Ms Zhao said.
Mr Gerald Goh, Sygnum’s co-founder and chief executive for the Asia-Pacific, noted that the fund was created to provide investors with the opportunity for long-term capital appreciation by participating in the crypto megatrend.
He added that the fund provides accredited investors with exposure to varied strategies and managers.
Industry players have been more active in Singapore and abroad in recent weeks, particularly after Donald Trump’s win in the November US presidential election.
They are expecting the incoming Trump administration to be more crypto-friendly, which will help spur growth in the global sector.
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