NKF with Sygnum on tokenized instrument offering
Niederer Kraft Frey (NKF) advised Sygnum in connection with the company’s offering of a tokenized investment instrument, with a collateralized BTC-backed loan serving as underlying asset. The instrument in question is part of the refinancing of a USD 50 million syndicated loan to Ledn.
The parties
.Headquartered in both Zurich and Singapore, Sygnum is digital asset banking group serving a clientele of professional and institutional investors, banks, corporates and DLT foundations.
Established in 2018, Ledn is a platform for bitcoin-backed loans, operating globally.
The NKF team
Transactions partners Philip Spoerlé (pictured left) and Adrian Koller (pictured right) led the NKF team on the matter, working alongside associate Carlotta Ulmer (transactions), associate Reto Seiler and junior associate Caterina Moor (both banking/regulatory).
