Global digital asset banking group Sygnum has announced the launch of an institutional crypto asset management service targeting the $100 billion corporate treasury sector.

Sygnum Select, which launched on Thursday, is described as a “discretionary delegation service” that applies the Swiss banking portfolio management model to crypto assets.

The service launches with direct client mandates, client assets, and $200 million in actively managed wallets already in place, a Sygnum spokesperson told Cointelegraph.

The move comes amid strong growth in corporate and public digital asset treasuries (DATs) over the past few years, which now hold more than $100 billion in cryptocurrency assets.

“However, many of them lack the necessary infrastructure for professional management at the institutional level,” creating “strong demand” for structured services that offer such products and fill the gap, Signum said.

There are currently 1.13 million Bitcoins owned by public companies and 287,990 Bitcoins owned by private companies with a total value of $97 billion, according to BitcoinTreasuries.

Not all DATs have been success stories. Ether treasury ETHZilla was rebranded as “Forum” on Wednesday as part of a shift away from holding cryptocurrencies, with a new focus on tokenized assets after shares fell 20% year-to-date.

Meanwhile, the world’s largest BNB treasury firm, CEA Industries, has collapsed 94% from its high last year, reportedly blaming Binance founder Changpeng Zhao’s family office, YZi Labs, for a “secret side agreement.”

Sygnum said there has been a shift in customer needs

Sygnum Select has full execution authority within the investment framework agreed with the client, and handles strategic asset allocation, active rebalancing and risk monitoring.

“As digital assets mature and institutional adoption accelerates, we are seeing a clear shift in what clients need,” said Fabien Dore, chief investment officer at Sygnum.

He added that crypto institutions and corporate treasuries are no longer just looking for custody and trading, “they want a trusted, regulated counterparty that can effectively manage their assets with the same discipline and comprehensive approach as a traditional private bank.”

Related to: Sygnum expects tokenization and government Bitcoin reserves to take off in 2026

Direct mandates include points, hedging, derivatives, tokenized securities and market-agnostic strategies, and most portfolios include multiple asset classes across traditional and crypto assets, according to Sygnum.

“Clients can now access customized portfolio management that combines what traditional asset managers or crypto-native firms can offer,” explained Markus Hemmerli, Head of Portfolio Management at Sygnum.