EU · MICA FIELD-TESTED 16 APR
Sygnum Bank review
The world's most regulated crypto bank — for institutions
The verdict
5.9 / 10 · SKIP
The gold standard in regulated crypto banking — full Swiss FINMA licence and MAS CMS licence — but exclusively for institutions and HNW clients. Not retail.
◆ BUY IT IF
- World's first fully regulated digital asset bank (FINMA + MAS)
- Highest regulatory safety score of any platform reviewed
- Full Swiss banking licence — strongest possible legal protections
- Tokenization capabilities not available elsewhere
◇ SKIP IT IF
- Not accessible to retail users — institutional/HNW only
- High minimum account thresholds
- Complex, lengthy KYB/KYC onboarding
- Very limited coin selection (15 assets)
§ 01 SCORE BREAKDOWN
Eight axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
Swiss FINMA full banking licence; Singapore MAS Capital Markets Services licence
Card & IBAN
Multi-currency IBAN · physical + virtual cards
Yield
Up to 10% APY
Coin selection
15 coins supported
App UX
KYC median ~72h on last test
Transparency
Proof of Reserves, public filings, incident history
Fees & spreads
Institutional bespoke pricing; minimum balances apply — contact for details
Support
~16h median first reply
§ 02 THE FIELD TEST
How we tested Sygnum Bank.
Sygnum is genuinely institutional — minimum account onboarding is documentation-heavy and designed around compliance departments, not retail users. Swiss banking licence + FINMA oversight is strongest custody regime we cover. Pricing reflects institutional positioning; not a retail-friendly platform. If you're asking whether you should use Sygnum, you probably shouldn't.
DATE STEP TIME NOTES
2026-03-08 Account opened ~72h KYC completed end-to-end
2026-03-08 First deposit tested CHF SWIFT withdrawal to a correspondent bank took 3 business days. BTC on-chain withdrawal to cold storage confirmed in ~40 minutes with standard fee.
2026-03-08 First withdrawal tested CHF SWIFT withdrawal to a correspondent bank took 3 business days. BTC on-chain withdrawal to cold storage confirmed in ~40 minutes with standard fee.
2026-04-16 Last hands-on check support ~16h Sygnum is genuinely institutional — minimum account onboarding is documentation-heavy and designed around compliance departments, not retail users. Swiss banking licence + FINMA oversight is strongest custody regime we cover. Pricing reflects institutional positioning; not a retail-friendly platform. If you're asking whether you should use Sygnum, you probably shouldn't.
§ 03 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- Swiss FINMA full banking licence; Singapore MAS Capital Markets Services licence
- FDIC insurance
- No
- MiCA compliant
- Yes
- Founded
- 2018
- HQ
- Switzerland (Zurich) + Singapore
Fees
- Monthly account fee
- —
- Trading fee
- —
- Withdrawal fee
- custom
Yield & products
- Earn yield
- 8–10% on BTC structured products; institutional staking rates vary
- Max APY
- 10%
- Staking
- Yes
- Crypto-backed loans
- Yes
- Supported coins
- 15
Banking
- IBAN
- Yes
- Debit card
- No
- DeFi access
- No
- NFT support
- No
Regions
- Regions available
- EU, Asia
- Markets served
- Switzerland, Singapore, EU (institutional), Global institutional
Support
- Trustpilot
- N/A
§ 04 FAQ
Frequently Asked Questions
Is Sygnum Bank safe? +
Sygnum Bank has a regulatory status of: Swiss FINMA full banking licence; Singapore MAS Capital Markets Services licence. The platform is MiCA compliant. Always verify current regulatory status directly with the platform before depositing.
What is the maximum APY on Sygnum Bank? +
Sygnum Bank currently offers up to 10% APY. Rate as of 2026-03-13. Rates change — always check the platform for current rates before depositing.
Where is Sygnum Bank available? +
Sygnum Bank is available in: EU, Asia. Markets served: Switzerland, Singapore, EU (institutional), Global institutional.
Does Sygnum Bank have a debit card? +
No, Sygnum Bank does not currently offer a debit card.
◆ OPEN ACCOUNT
Ready to put a week's worth of research to work?
We earn commission if you open an account through this link. It does not change what we paid (nothing) or what we score (everything).