Sygnum, the world’s first digital asset bank, has partnered with Float, a Stockholm-based Capital-as-a-Service company, to introduce the Float Token, a groundbreaking private debt asset token. This token, exclusively available to Sygnum clients, allows investors to participate in a diverse portfolio of private SME loans to European SaaS and technology businesses. With a maturity of 18 months and a fixed annual interest rate of 14 percent, the Float Token is fully compliant under the Swiss DLT legal framework and provides on-chain proof of ownership.

Supporting this token offering as the senior lender is Fasanara Capital, one of Europe’s largest credit funds in fintech. With over USD 4 billion in fintech strategies under management, Fasanara Capital is a prominent institutional fintech credit fund manager. The Float Token is launched on the Polygon blockchain, offering investors lower ticket sizes, liquidity in Sygnum’s secondary market, and seamless transferability.

This collaboration underscores Sygnum’s strategic commitment to enhancing accessibility and investment opportunities in private market assets through tokenization. The Float Token represents the first issuance of its kind, with more to come in the future. It is projected that the tokenized private debt market will reach a staggering USD 3.5 trillion by 2030.