Sygnum, a global digital asset banking group, has successfully closed its oversubscribed Strategic Growth Round, raising $58 million and achieving a post-money valuation exceeding $1 billion. The round’s final close was anchored by Fulgur Ventures, a Bitcoin-focused venture capital firm, alongside new and existing strategic and financial investors.
Funding to Propel Expansion and Innovation
The proceeds will accelerate Sygnum’s 2025 entry into expanded European and Hong Kong markets while bolstering its institutional infrastructure. The funds will also support the development of Bitcoin-focused financial products, enable strategic acquisitions, and strengthen the group’s compliance and risk management capabilities.
“Sygnum’s growth strategy revolves around building trusted institutional infrastructure for the digital asset industry. This funding milestone is a testament to our unique position and our commitment to future innovation,” said Gerald Goh, Co-Founder and CEO APAC of Sygnum.
Strong Business Momentum
The growth round comes on the heels of remarkable performance in 2024, with revenues for trading products surpassing the previous year’s total by Q3 and total trades increasing over 1,000% year-over-year. The group currently manages over $5 billion in client assets and has achieved operational profitability, serving 2,000 institutional clients across more than 70 countries.
Sygnum also made significant strides in product development, launching Sygnum Connect, a multi-asset settlement network, and Sygnum Protect, a collateral management platform for institutional clients.
Commentary from Stakeholders
“Sygnum reaching Unicorn status is a proud milestone, validating our strategy and team. However, this achievement reinforces the importance of continuous innovation and attracting global talent to maintain Switzerland’s relevance as a financial hub,” said Mathias Imbach, Sygnum Co-Founder and Group CEO.
Oleg Mikhalsky, Partner at Fulgur Ventures, added, “Sygnum’s institutional-grade infrastructure and proven expertise make them the perfect partner for advancing Bitcoin’s integration into financial markets. This partnership is a step toward Bitcoin’s institutional adoption and regulatory clarity.”
A Trusted Leader in Digital Asset Banking
Founded on Swiss and Singaporean heritage, Sygnum is dedicated to empowering professional investors, banks, and corporates with secure and regulated access to digital assets. Holding banking and payment institution licenses in multiple global financial hubs, Sygnum continues to bridge the traditional and digital asset economies through its innovative services and crypto-native expertise.
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