Sygnum, a prominent cryptocurrency banking group with operations in Singapore, has joined forces with Moomoo Singapore, a trading platform, to offer a new investment fund aimed at accredited investors.
The fund, named the Digital Asset Multi-Manager Fund (DAMMF), will be available to Moomoo users from the first quarter of 2025.
This partnership marks a significant step forward for Sygnum as it becomes the first company to launch an actively managed cryptocurrency fund on a digital wealth management platform in Singapore.
The move highlights the increasing recognition of digital assets as an essential component of modern investment portfolios.
According to Echo Zhao, Moomoo Singapore’s country head:
"Many high-net-worth clients now view digital assets as key to having a modern and resilient portfolio."
As more investors seek to diversify their portfolios in the face of evolving market conditions, Zhao believes that the mainstream adoption of digital assets is gaining momentum.
She added:
"This view is gaining ground, with more digital assets entering the mainstream and gaining greater adoption."
Echo Zhao, Moomoo Singapore’s country head
According to Zhao, the digital asset market, still in its early stages, is maturing, and investors are increasingly turning to active management strategies to capitalise on its potential.
She noted:
"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."
Gerald Goh, co-founder and CEO for Asia-Pacific at Sygnum, echoed this sentiment.
He highlighted that the fund aims to provide accredited investors with the opportunity for long-term capital appreciation, positioning them to benefit from what he described as a "crypto megatrend."
Gerald Goh, co-founder and CEO for Asia-Pacific at Sygnum
The DAMMF will offer exposure to a range of investment strategies, combining the expertise of top-tier established managers and emerging players in the digital asset space.
It will operate as a fund of funds, investing in various crypto assets through selected hedge fund strategies, including both liquid crypto assets and those with more risk-conscious approaches.
Goh pointed out that this new fund is particularly designed to help investors navigate the complexities and risks of a rapidly evolving asset class.
He said:
"Investing in a fund could help accredited investors manage the risks of this still young asset class more effectively.”
For Sygnum, the collaboration with Moomoo Singapore also serves as a strategic move to tap into the platform’s regional and global user base.
This partnership comes at a time of heightened optimism in the crypto sector, spurred by factors such as the approval of the Spot Bitcoin ETF and the recent US presidential election results, which saw pro-crypto candidate Donald Trump emerge victorious.
As Goh mentioned,
"There exist different options to invest in the crypto asset ecosystem, ranging from market-neutral yield strategies over directional exposure to venture opportunities."
The new fund will be a comprehensive offering for those seeking diversified approaches to the fast-moving world of digital assets.
Risk management is a key pillar of Sygnum’s strategy.
The firm prioritises careful evaluation of the managers and their investment processes before committing funds.
This rigorous selection process aims to reduce exposure to short-term market fluctuations, focusing instead on the quality and reliability of the underlying strategies.
Sygnum emphasised that this disciplined approach helps mitigate the volatility often associated with the crypto market.
By relying on proven investment managers, the fund aims to capitalise on market volatility, transforming it into opportunities for generating returns.
As Sygnum continues to expand its presence in the digital asset space, its innovative approach to fund management and its strategic partnerships with platforms like Moomoo position it to meet the growing demand for cryptocurrency investment options.
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