Sygnum, a digital asset bank, has reached unicorn status after securing $58 million in a growth funding round.
15th January 2025
Sygnum, a Swiss-based crypto banking group, has raised $58 million in a strategic growth round, pushing its post-money valuation to over $1 billion.
Swiss-based crypto banking group Sygnum has secured $58 million in a growth funding round, reaching a post-money valuation of over $1 billion.
The funding round was led by US venture capital firm Fulgur Ventures, with additional support from new and existing investors, as well as Sygnum’s employees, who participated on equal terms.
Founded in 2017, Sygnum offers digital asset banking, B2B services, tokenization, and asset management to over 2,000 institutional clients across 70+ countries. With offices in Switzerland, Singapore, and Abu Dhabi, Sygnum is regulated in Luxembourg and, more recently, Liechtenstein.
In FY 2024, the company became operationally profitable and reported a more than 1,000% year-on-year growth in annual trades.
Sygnum’s valuation has consistently risen in recent funding rounds, from $800 million in its $90 million Series B in 2022 to $900 million in a $40 million growth investment last year.
The new capital will drive Sygnum’s multi-regional expansion strategy, with a focus on Hong Kong and all 30 EU/EEA markets. Additionally, the funds will be used to pursue acquisitions, enhance institutional infrastructure, and expand its product offerings, particularly in Bitcoin technology.
