Sygnum Becomes Crypto’s Newest Unicorn with $58M Funding Round

Digital asset bank Sygnum has reached unicorn status following the close of a $58 million funding round, valuing the company at over $1 billion. The Zurich- and Singapore-based lender announced the successful completion of an oversubscribed “strategic growth round,” led by BTC-focused venture capital firm Fulgar Ventures.

This milestone comes approximately a year after Sygnum achieved a $900 million valuation through a $40 million funding round. Licensed in Luxembourg, Switzerland, and Singapore, Sygnum is now setting its sights on expanding its footprint in the European market and establishing a regulated presence in Hong Kong.

The bank also plans to enhance its product offerings, particularly around Bitcoin technology, while preparing for future acquisitions to solidify its position as a leader in the digital asset banking space.

Sygnum’s growth highlights the increasing integration of blockchain and cryptocurrency technology into traditional financial systems, signaling strong investor confidence in the sector’s long-term potential.

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