January 14, 2025
Sygnum Bank, a global digital asset bank, has raised $58 million in a successful strategic growth round, propelling the company’s valuation to over $1 billion. Fulgur Ventures led the final close of the round, which also saw participation from other strategic and financial investors, as well as Sygnum’s team members. The funds will be allocated to support Sygnum’s regional expansion and the development of new products, particularly in Bitcoin technology.
Sygnum Bank, which holds over $5 billion in client assets, has gained momentum with strong growth across its offerings in digital asset banking, asset management, and B2B services. The funding will enable the company to enter new markets, including Hong Kong and the European Union, and to further increase its product portfolio. Additionally, the proceeds will support strategic acquisitions and bolster the firm’s operational and compliance infrastructure to meet the growing demand for regulated digital asset services.
The company’s rapid growth is underscored by its substantial performance in 2024. Sygnum saw a significant increase in trading volumes across various products, including crypto spot, derivatives, and traditional securities, with annual trade activity rising by more than 1,000% year-over-year. Key product launches, such as Sygnum Connect and Sygnum Protect, have strengthened its position as a leading player in the digital asset space, catering to institutional clients with secure, bank-grade services.
About Sygnum Bank
Sygnum Bank is a global digital asset banking group that provides regulated digital asset banking services to institutional clients worldwide, including asset management, tokenization, and B2B offerings. The firm operates under banking licenses in Switzerland, and regulatory frameworks in Singapore, Abu Dhabi, Luxembourg, and Liechtenstein.
Website: https://www.sygnum.com/
X: @sygnumofficial
About Investor
Fulgur Ventures
Fulgur Ventures is a venture capital firm focused on Bitcoin technologies and the Lightning Network. Founded in 2019, the firm invests in companies developing solutions that drive Bitcoin adoption across consumer, enterprise, and financial sectors.
Location: Delaware, United States
Website: https://fulgur.ventures/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Kommentare