Crypto bank Sygnum raised a $90 million investment
After the completion of the Series B funding round, the bank's valuation by investors increased to $800 million

10.01.2022 - 09:05
254
1 min
0
What’s new? The official Twitter account of crypto bank Sygnum has published news about a successful Series B funding round. As a result, the bank managed to raise around $90 million in funding.
📢News: Sygnum Bank closes USD 90m Series B 🚀 Many thanks to our investors Sun Hung Kai & Co., Meta Investments, @SBI_DAH @SCB10X_OFFICIAL, @animocabrands & Wemade that made this milestone possible! 📈Read the full announcement here 👇https://t.co/EKnMYRvAHc— Sygnum Bank (@sygnumofficial) January 6, 2022
Who was involved? The round was led by Sun Hung Kai & Co. Other major investors and funds to note include: Animoca Brands, Meta Investments, SBI Holdings, and WeMade.
What will the funds be used for? According to the Swiss crypto bank, the funding raised will be used to develop the new products. In particular, it is about staking, farming, and partnerships with other companies.
The Sygnum startup is registered in Switzerland, is licensed by the regulator, and works with over 1000 clients. The bank's total assets under management currently exceed $2 billion.
Useful material?
Market
Previously, the Chicago Mercantile Exchange launched a similar instrument
May 22, 2025
Technologies
The proposed improvement would allow nodes to not store the entire history of the underlying blockchain
May 19, 2025
Market
The criminal funds were moving on the Ethereum and TRON networks
May 16, 2025
Crypto regulations
The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure
May 14, 2025
Market
The exchange’s daily volume surpasses the $3 billion mark
May 12, 2025
Market
According to anonymous sources, Facebook’s parent company will add support for USDT and USDC
May 9, 2025