Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding services after securing new regulatory approval from local authorities. The company announced Tuesday that Sygnum Singapore received in-principle approval from the Monetary Authority of Singapore (MAS) to offer three additional regulated activities under capital markets services (CMS) license. The CMS license was initially granted in 2019, allowing Sygnum Singapore to conduct asset management activities. The latest in-principle regulatory approval upgrades Sygnum Singapore to enable new tools like providing corporate finance advisory services, dealing with tokenized capital market products and digital assets, as well as offering custodial services for asset and security tokens. With the additional regulated activities, Sygnum plans to offer its tokenization solution in Singapore with an initial focus on the tokenization of fund units. The firm specifically intends to start with its newly launched venture capital fund, the SBI-Sygnum-Azimut Digital Asset Opportunity fund. Future projects also include providing corporate finance advice to Web3 platforms and digital creators, as well as work on digital collectibles, non-fungible tokens (NFTs), and metaverse assets.