Sygnum raises USD 90 mln, hits USD 800 mln valuation

Thursday 6 January 2022 11:34 CET | News

Crypto firm Sygnum, which runs a digital-asset bank and trading platform, has raised USD 90 million in a funding round that valued it at USD 800 million, according to Bloomberg

The financing was led by Sun Hung Kai & Co., and included investors like Animoca Brands and Canada’s Meta Investments, according to a statement from Sygnum. Sygnum, based in Switzerland and Singapore, plans to use the proceeds to develop new offerings including yield-generating products and asset-management solutions for institutional clients, the statement said.

Sygnum, whose products include regulated trading of numerous cryptocurrencies, raised money after a year in which venture capital poured about USD 30 billion into crypto -- more than all previous years combined, Bloomberg concluded.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: investment, funding, cryptocurrency, digital banking
Categories: DeFi & Crypto & Web3
Companies: Bloomberg, Sygnum
Countries: World
This article is part of category

DeFi & Crypto & Web3




Discover all the Company news on Bloomberg and other articles related to Bloomberg in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events