Cryptocurrency Bank
Nexo launches crypto card…and you don’t have to sell your coins
Nexo, the digital asset lending institution, today launched the Nexo Card. In a partnership with MasterCard, the crypto-powered card boasts the ability to be used to transact with over 90 million merchants. And the thing that makes it one-of-a-kind? You don’t have to sell your crypto. Which for crypto people, is a very good thing. Keep Your Assets That’s because the Nexo Card is linked to a crypto-backed credit line with Nexo, which starts at 0% APR and is capped at 13.9%. So rather than spending your digital assets, you instead use them as collateral – a pretty neat piece of innovation. Furthermore, the collateral mechanism is dynamic, and you can put up multiple assets against your credit – such as a mix of Bitcoin, Ethereum stablecoins and much more. It’s a product which crypto enthusia...
Crypto bank Sygnum expands its scope of regulated ventures in Singapore
Swiss crypto bank Sygnum has gotten a nod to expand digital asset activities in Singapore The approval is a boost in the company’s efforts to offer tokenisation of assets Swiss crypto bank Sygnum today announced that its Sygnum Singapore subsidiary has received approval to venture further into offering regulated products in the country. Sygnum Singapore now holds in-principle approval from the Monetary Authority of Singapore (MAS) to provide additional services under the capital markets services (CMS) licence it gained in 2019. The three new regulated activities include providing custodial services, corporate advisory on finance, and access to tokenised products, including digital assets. Sygnum is a first of its kind – digital asset bank – and provides banking services around digita...
