{
Oleg Mikhalsky

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Sygnum achieves unicorn status with 58 million USD funding round

Sygnum, a global digital asset banking group, has achieved unicorn status with a valuation exceeding USD 1 billion after raising USD 58 million in a strategic growth round led by Fulgur Ventures. The funds will facilitate market expansion into the EU and EEA by 2025, establish a regulated branch in Hong Kong, and enhance its Bitcoin-focused product portfolio. Sygnum has also reached operational profitability in 2024, significantly increasing its trading volume and expanding its institutional client base across multiple global financial centers.
Crypto Valley Journal
United States Dollar Euro PostFinance Fonds 3 LIE LUX SGP HKG CHE Oleg Mikhalsky Show more
Finance & Economy, Press Release
09:15 14.01.2025

sygnum bank achieves unicorn status amid switzerland's digital asset challenges

Sygnum Bank has achieved unicorn status with a valuation exceeding $1 billion after securing $58 million in an oversubscribed funding round, led by Fulgur Ventures. The bank plans to expand into the European Economic Area and Hong Kong, emphasizing the need for Switzerland to innovate in the digital asset space to maintain its competitive edge. With over $5 billion in client assets and a focus on institutional infrastructure, Sygnum is well-positioned to navigate the evolving landscape of digital finance.
finews.com
United States Dollar Euro Sygnum Bank AG CHE Oleg Mikhalsky Gerald Goh Mathias Imbach Show more
Finance & Economy, Press Release
07:00 14.01.2025
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