Sygnum Crypto Bank Achieves Unicorn Status with $58 Million Funding Round

The Switzerland and Singapore-based digital asset bank plans to expand into Europe and Hong Kong while enhancing its Bitcoin-focused services.

Sygnum raised $58 million in an oversubscribed growth round led by Bitcoin-focused venture capital firm Fulgur Ventures, pushing its valuation past $1 billion.
The bank plans to use the funds to expand its presence in the EU/EEA markets and establish a regulated office in Hong Kong.
Sygnum reported managing over $5 billion in client assets and a 1,000% year-over-year increase in trading volumes in 2024, attributed partly to its partnership with PostFinance.
Founded in 2017, Sygnum focuses on institutional and accredited private investors, offering services like lending, brokerage, asset management, and tokenization.
The bank emphasizes regulatory compliance and transparency, positioning itself as a secure option for digital asset custody in a post-FTX collapse era.