Sygnum
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Digital asset Swiss bank, #Sygnum , raises $58M in its Strategic Growth Round, reaching a $1B valuation and unicorn status! đ
The funding, led by Fulgur Ventures, will help expand Sygnum's presence in the EU/EEA and Hong Kong, enhance its #bitcoin services, and grow its offerings. đ
CEO Mathias Imbach sees this as market validation for their business model. Sygnumâs trading products have seen a 1,000% increase in trades, and they foresee Bitcoinâs dominance growing as institutional adoption continues. đĄ
The funding, led by Fulgur Ventures, will help expand Sygnum's presence in the EU/EEA and Hong Kong, enhance its #bitcoin services, and grow its offerings. đ
CEO Mathias Imbach sees this as market validation for their business model. Sygnumâs trading products have seen a 1,000% increase in trades, and they foresee Bitcoinâs dominance growing as institutional adoption continues. đĄ
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Sygnum - Swiss Crypto Bank Joins the "Unicorn Club" with 58 Million USD Funding Round
Sygnum, Switzerland's leading digital asset bank, just completed a growth funding round of 58 million USD, bringing the company's valuation past 1 billion USD. This milestone marks Sygnum's entry into the Unicorn club, led by the venture capital fund Fulgur Ventures focusing on $BTC .
Growth Power
Assets under management: Over 5 billion USD.
Transaction volume: Increased by 1,000% compared to 2024, thanks to cooperation with #PostFinance since April 2023.
Growth Power
Assets under management: Over 5 billion USD.
Transaction volume: Increased by 1,000% compared to 2024, thanks to cooperation with #PostFinance since April 2023.
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Swiss Crypto Bank Sygnum Becomes Unicorn With $1 Billion Valuation
On January 14, 2025, Cryptocurrency Bank Sygnum closed a $58 million funding round, bringing the company's valuation to over $1 billion and achieving "unicorn" status. The round was led by BTC-focused venture capital firm Fulgar Ventures.
Capital use objectives
Expanding markets in EU/EEA and Hong Kong.
Improve Bitcoin service.
Develop digital asset trading products.
Capital use objectives
Expanding markets in EU/EEA and Hong Kong.
Improve Bitcoin service.
Develop digital asset trading products.
Sygnum Bank, the crypto bank based in Switzerland and Singapore, has raised $58M in a funding round, achieving Unicorn status with a valuation over $1B.
The funds will support Bitcoin-focused products, EU expansion, compliance efforts, and strategic acquisitions.
#SygnumBank #Funding #Sygnum
The funds will support Bitcoin-focused products, EU expansion, compliance efforts, and strategic acquisitions.
#SygnumBank #Funding #Sygnum
Sygnum raises $58M in a Strategic funding round
#Sygnum secures $58M in a Strategic funding round led by #FulgurVentures . Sygnum will utilize raised funds to expand EU/EEA market entry, launch its regulated presence in Hong Kong, enhance its institutional infrastructure, expand its product portfolio with a focus on #Bitcoin technology and explore opportunities for strategic acquisitions as the market evolves.
Sygnum is a global digital asset banking group, that empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets.
đ sygnum.com/news/sygnum-completes-usd-58m-strategic-growth-round-achieves-unicorn-status-with-1bn-valuation/
#Sygnum secures $58M in a Strategic funding round led by #FulgurVentures . Sygnum will utilize raised funds to expand EU/EEA market entry, launch its regulated presence in Hong Kong, enhance its institutional infrastructure, expand its product portfolio with a focus on #Bitcoin technology and explore opportunities for strategic acquisitions as the market evolves.
Sygnum is a global digital asset banking group, that empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets.
đ sygnum.com/news/sygnum-completes-usd-58m-strategic-growth-round-achieves-unicorn-status-with-1bn-valuation/
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Bitcoin Reaches $105,000: Strong Price Increase Trend Thanks to the "Trump Trade" Effect
Bitcoin continues to assert its position as it hits a record high of $105,000, marking a significant breakthrough in 2024. This price increase not only reflects the development of the cryptocurrency market but is also driven by political impacts from the victory of elected President Donald Trump.
Bitcoin Hits a New Peak
With a 3.5% increase on the day, $BTC officially recorded the highest price in history at $105,004. According to data from CoinGecko, this coin has risen over 140% compared to the same period last year and 15% in the past 30 days.
Bitcoin Hits a New Peak
With a 3.5% increase on the day, $BTC officially recorded the highest price in history at $105,004. According to data from CoinGecko, this coin has risen over 140% compared to the same period last year and 15% in the past 30 days.