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Sygnum achieves Unicorn Status with $58m in growth funding

By Gloria Mathias

January 14, 2025

  • Asset Management solutions
  • Crypto Asset Management
  • Digital Asset Bank
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Sygnum Singapore, Singapore, Sygnum, Zurich, Digital Asset Bank, Crypto Asset Management, MPI, MAS, Monetary Authority of Singapore, Major Payments Institutions Licence, Unicorn News, Unicorn Status, Global digital asset banking group Sygnum has raised a total of $58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1 billion.

Fulgur Ventures, the cornerstone investor in the final close of Sygnum’s Strategic Growth Round, is a venture capital firm joined by new and existing strategic and financial investors and Sygnum team members, who again participate on equal terms. The co-founders, board, and team members continue to hold a majority ownership stake in Sygnum.

Proceeds from the completed Strategic Growth Round will be put to work to drive Sygnum’s 2025 expanded EU/EEA market entry and to launch its regulated presence in Hong Kong. Sygnum also intends to use the funds to broaden its institutional infrastructure, expand its product portfolio with a focus on Bitcoin technology, and enable opportunities for strategic acquisitions as the market develops. As the industry’s trend towards regulatory compliance gathers pace, additional investments will be made to strengthen further Sygnum’s organisational and operational resilience, compliance teams, and risk management.

A key driver of the oversubscribed Strategic Growth Round was Sygnum’s multi-year core business growth, which was matched by its industry-shaping product launches. In July 2024, Sygnum launched Sygnum Connect, a 24/7 multi-asset settlement network, with members at launch, including digital asset exchange AsiaNext and prime broker Hidden Road. A few months earlier, Sygnum also opened a second new platform, Sygnum Protect, exclusively to its global institutional client base.

Mathias Imbach, Sygnum Co-Founder and Group CEO, said, “Sygnum reaching Unicorn status is a strong validation by the market of our business model, strategy, and team. While it is an achievement we are very proud of, it won’t alter the values of integrity and humility and the importance of displaying confidence without attitude at all times, which have acted as our true north since day one. As Switzerland is currently losing ground to other jurisdictions as a preferred digital asset hub, it is also our obligation to highlight the need for Switzerland to not ignore the importance of continuous innovation in the financial sector and to continue to attract talent and capital to remain relevant in the long-term.”

Gerald Goh, Co-Founder and CEO of APAC shared, “The successful completion of our Strategic Growth Round is proof of Sygnum’s strong and unique position as a leading regulated financial institution in the global digital asset industry.”

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