Sygnum Crypto Bank Raises $58M, Achieves Unicorn Status with $1B Valuation

Sygnum, a crypto bank based in Switzerland and Singapore, has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status. The cornerstone investor for the round’s final close was Fulgur Ventures, a venture capital firm with a focus on Bitcoin technologies, alongside new and existing strategic and financial backers, according to an official announcement. The milestone comes shortly after Sygnum raised over $40 million in January 2024, led by Milan-based asset manager Azimut Holding, at a $900 million valuation.

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