Neptune Increases Credit Line with Sygnum Bank to US$25 (CDN$36) Million
Neptune Digital Assets has expanded its credit facility with Sygnum Bank from US$20 million to US$25 million (CDN$36 million). The increased credit line will be used to expand and purchase Bitcoin and other crypto-related assets, as well as support strategic investments. The loan will be secured against Neptune's Bitcoin holdings, with no minimum balance requirement and flexible drawdown options.
As of the announcement date, Neptune has not yet utilized the credit line. The increase required additional approvals from Sygnum Bank management, which were successfully obtained. This collaboration aims to support the growth of the crypto ecosystem within a regulated environment.
Neptune Digital Assets ha ampliato la sua linea di credito con Sygnum Bank da 20 milioni di dollari statunitensi a 25 milioni di dollari statunitensi (36 milioni di dollari canadesi). La linea di credito aumentata sarà utilizzata per espandere e acquistare Bitcoin e altri beni correlati alle criptovalute, oltre a sostenere investimenti strategici. Il prestito sarà garantito dalle disponibilità di Bitcoin di Neptune, senza alcun requisito di saldo minimo e con opzioni di prelievo flessibili.
Alla data dell'annuncio, Neptune non ha ancora utilizzato la linea di credito. L'aumento ha richiesto approvazioni aggiuntive dalla direzione di Sygnum Bank, che sono state ottenute con successo. Questa collaborazione mira a sostenere la crescita dell'ecosistema delle criptovalute all'interno di un ambiente regolamentato.
Neptune Digital Assets ha ampliado su línea de crédito con Sygnum Bank de 20 millones de dólares estadounidenses a 25 millones de dólares estadounidenses (36 millones de dólares canadienses). La línea de crédito aumentada se utilizará para expandir y adquirir Bitcoin y otros activos relacionados con las criptomonedas, así como para apoyar inversiones estratégicas. El préstamo estará garantizado por las tenencias de Bitcoin de Neptune, sin requisitos de saldo mínimo y con opciones de disposición flexibles.
Hasta la fecha del anuncio, Neptune aún no ha utilizado la línea de crédito. El aumento requirió aprobaciones adicionales por parte de la dirección de Sygnum Bank, que se obtuvieron con éxito. Esta colaboración tiene como objetivo apoyar el crecimiento del ecosistema cripto dentro de un entorno regulado.
Neptune Digital Assets는 Sygnum Bank와의 신용 한도를 2천만 달러에서 2천5백만 달러(3천6백만 캐나다 달러)로 확장했습니다. 증가된 신용 한도는 비트코인 및 기타 암호 관련 자산을 확장하고 구매하는 데 사용되며, 전략적 투자를 지원하는 데에도 사용될 것입니다. 대출은 Neptune의 비트코인 보유량에 대해 담보로 제공되며, 최소 잔액 요건이 없고 유연한 인출 옵션이 제공됩니다.
발표 시점에서 Neptune은 아직 신용 한도를 사용하지 않았습니다. 증가된 한도는 Sygnum Bank 경영진의 추가 승인을 요구했으며, 이는 성공적으로 얻어졌습니다. 이번 협력은 규제된 환경 내에서 암호 생태계의 성장을 지원하는 것을 목표로 하고 있습니다.
Neptune Digital Assets a élargi sa facilité de crédit avec Sygnum Bank de 20 millions de dollars américains à 25 millions de dollars américains (36 millions de dollars canadiens). La ligne de crédit augmentée sera utilisée pour élargir et acquérir des Bitcoin et d'autres actifs liés à la cryptomonnaie, ainsi que pour soutenir des investissements stratégiques. Le prêt sera garanti par les avoirs en Bitcoin de Neptune, sans exigence de solde minimum et avec des options de tirage flexibles.
À la date de l'annonce, Neptune n'a pas encore utilisé la ligne de crédit. L'augmentation a nécessité des approbations supplémentaires de la direction de Sygnum Bank, qui ont été obtenues avec succès. Cette collaboration vise à soutenir la croissance de l'écosystème crypto dans un environnement réglementé.
Neptune Digital Assets hat seine Kreditfazilität bei Sygnum Bank von 20 Millionen US-Dollar auf 25 Millionen US-Dollar (36 Millionen CAD) erweitert. Der erhöhte Kreditrahmen wird zur Expansion und zum Kauf von Bitcoin und anderen kryptowährungsbezogenen Anlagen verwendet sowie zur Unterstützung strategischer Investitionen. Der Kredit wird gegen Neptuns Bitcoin-Bestände gesichert, ohne erforderliches Mindestguthaben und mit flexiblen Abrufmöglichkeiten.
Zum Zeitpunkt der Bekanntgabe hat Neptune die Kreditlinie noch nicht genutzt. Die Erhöhung erforderte zusätzliche Genehmigungen von der Geschäftsführung der Sygnum Bank, die erfolgreich eingeholt wurden. Diese Zusammenarbeit zielt darauf ab, das Wachstum des Krypto-Ökosystems in einem regulierten Umfeld zu unterstützen.
- Credit facility increased by US$5 million to US$25 million total
- Flexible drawdown terms with no minimum balance requirement
- Loan secured against existing Bitcoin holdings, indicating strong asset base
- Additional debt exposure and leverage risk
- Company has not yet utilized the credit line, indicating potential execution uncertainty
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2025) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a blockchain leader in Canada, is pleased to announce that it has increased the size of the previously announced strategic borrowing relationship with Sygnum Bank, a Swiss bank specializing in servicing crypto-native companies, from US
The Company intends to use the funds to expand and purchase Bitcoin and other crypto-related assets, in addition to supporting strategic investments. The loan will be secured against the Company's Bitcoin holdings. There is no minimum balance requirement, and Neptune may draw on the facility as needed. As of the date of this news release, the Company has not drawn on the line of credit.
"We are happy to have increased this line of credit. The increase to US
"We are excited to support Neptune in expanding its broad digital asset portfolio," said Benedikt Koedel, Head of Credit and Lending at Sygnum Bank. "With this collaboration, we continue to support the growth of the crypto ecosystem in a secure and regulated environment."
For more information on Neptune Digital Assets, please visit: www.neptunedigitalassets.com
About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. Sygnum empowers professional and institutional investors, banks, corporates and digital ledger technology (DLT) foundations to invest in digital assets with complete trust. The team enables this through our institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenization and B2B services. In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg and is registered in Liechtenstein. Sygnum's crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that they call Future Finance. Learn more at www.sygnum.com, X (@Sygnumofficial) or LinkedIn (@Sygnumofficial).
Media contact: media@sygnum.com, Sygnum Bank AG, Uetlibergstrasse 134a, 8045 Zurich, Switzerland
Please see the Sygnum disclaimer here.
About Neptune Digital Assets Corp.
Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on X (@NeptuneDAC).
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the auditors completing the remaining auditing items with respect to the Annual Filings; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties.
The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238503
FAQ
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