Sygnum, a prominent digital asset bank headquartered in Switzerland, secured a $1 billion valuation after its latest funding round.
On 14 January 2025, Sygnum announced receiving $58 million in funding. The company plans to continue expanding in the EU and other markets.
“Proceeds from the completed Strategic Growth Round will be put to work to drive Sygnum’s 2025 expanded EU/EEA market entry and to launch its regulated presence in Hong Kong,” the announcement said.
However, specific details about the funding participants were not disclosed.
Notably, Sygnum reported an impressive profit in first half of 2024 and revealed that it holds a record 4.5 billion Francs ($5.11 billion) in client assets.
Explore:Crypto-Friendly Bank Sygnum Posts Impressive Numbers For First Half 2024
With Fresh Capital At Disposal, Sygnum Outlines Growth Plan
📰 Covered in @tippinpointnews by journalist @Grundi65: “Sygnum becomes a unicorn”
"An important factor for the oversubscribed strategic growth round was the continuous growth of Sygnum Bank's core business over the past few years," @Grundi65 writes.
"In 2024, the trading… pic.twitter.com/AGBPfWIABn
— Sygnum Bank (@sygnumofficial) January 14, 2025
The bank aims to strengthen its presence in existing markets while exploring opportunities in new regions. Asia-Pacific and Europe are likely to remain focal points for expansion due to their growing interest in digital assets.
The company is fully regulated digital asset banks globally, holding licenses in both Switzerland and Singapore.
Some can say that its approach of merging traditional finance with blockchain technology attracted institutional investors, high-net-worth individuals, and enterprises seeking secure and compliant exposure to digital assets.
Commenting on securing the investment, Mathias Imbach, Sygnum Co-Founder and Group CEO said, “Sygnum reaching Unicorn status is a strong validation by the market of our business model, strategy and team.”
Meanwhile, Gerald Goh, Co-Founder and CEO APAC said, “Offering trusted institutional infrastructure and regulated services for digital assets will continue to be the foundation for Sygnum’s future growth strategy.”
As institutional interest in cryptocurrencies continues to grow and regulatory frameworks become more defined, companies like Sygnum can play an increasingly important role in shaping the future of finance.
Just recently, Sygnum successfully secured a crypto license for its Liechtenstein-based subsidiary.
The new license enables Sygnum to offer regulated digital asset services in the country. The services include brokerage, custody, and banking, under the framework of Liechtenstein’s Token and Trusted Technology Service Providers Act, the bank said in a press release.
The move positions Sygnum to apply for a Crypto-Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA). This can happen once Liechtenstein adopts the regulation, anticipated in the first quarter of 2025.
Explore: Switzerland’s Sygnum Secures Crypto License In Liechtenstein, Looking To Expand Operations In EU
Best Crypto Presales For Smart Money in January ?
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Trump’s relationship with cryptocurrency is complex and marked by initial skepticism. However, Trump has become more supportive, especially during his campaign when he began accepting crypto donations. This shift allowed him to mention crypto coins like Bitcoin or Dogecoin.
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Explore: Dogecoin and Trump Will Change The World in 2025: Best Crypto Presales For Smart Money in January ?
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