Crypto bank Sygnum raises $40 million at $900 million valuation

Jan 25, 2024•almost 2 years ago

Amount Raised

$40 Million

ZurichFinancial Services

Investors

Azimut Holding

Description

Crypto banking group Sygnum announced today that it has secured over $40 million in an interim close of a strategic funding round, led by Milan-based asset manager Azimut Holding.

Company Information

Company

Sygnum Bank

Location

134 Uetlibergstrasse

Zurich, Zurich, Switzerland

About

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation 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. We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional & digital asset economies that we call Future Finance.

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