The Singapore headquarters of Sygnum – a global digital asset banking group – Sygnum Pte. Ltd. (Sygnum Singapore), today announced its partnership with Moomoo Singapore to distribute its Digital Asset Multi-Manager Fund (DAMMF) on moomoo, a digital investment and wealth management platform with over 1 million users in Singapore.
The DAMMF is a high-conviction, diversified fund-of-funds that invests across both top-tier established and emerging investment managers executing the most attractive liquid crypto hedge fund strategies. With a long track record of 5 years, DAMMF is one of the pioneers in the field. 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 is Sygnum Singapore’s first distribution partner for an asset management product. Both Moomoo Singapore and Sygnum Singapore hold the Major Payment Institution Licence. Moomoo Singapore’s accredited investors can subscribe to the DAMMF via their relationship managers.
Echo Zhao, Country Head, Moomoo Singapore says, “As digital assets enter the mainstream and gain widespread adoption, many high net worth clients now view digital assets as a key component of a modern and resilient portfolio. These clients are not just seeking diversification, but also the opportunity to capitalise on the huge growth potential of this asset class. 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. We are confident that Sygnum’s expertise in this space will bring about significant opportunities for our clients.”
Gerald Goh, Sygnum’s Co-Founder and CEO APAC says, “DAMMF was created to provide investors with the opportunity for long-term capital appreciation by participating in the crypto megatrend. By investing in DAMMF, one can expect to obtain exposure to a portfolio of broad crypto alpha sources, diversified across both strategies and managers. At Sygnum, our mission from Day One has been to empower everyone to invest in digital assets with complete trust. This partnership with Moomoo is groundbreaking for the digital asset space and we are glad to be able to better support their clients in managing their exposure to this asset class.”