Switzerland-based Sygnum, a digital asset bank and digital assets specialist with a global reach specializing in safe, effective, and efficient financial services, raised USD 90 million on 6th January.
Investors: The investment round was led by Sun Hung Kai & Co. Limited (SEHK: 86). Several investors including Meta Investments, Animoca Brands, and Wemade, founders of leading decentralized finance (Defi) protocols and existing strategic investors including SBI Holdings and Siam Commercial Bank’s digital investment arm, SCB 10X, took part in the round.
Purpose of funding: With the funding, the startup will expand into new global markets and co-create and distribute products with new strategic investors.
About Sygnum
Founded in 2018 by Gerald Goh, Luka Muller, and Mathias Imbach, Sygnum is located in Zurich, Switzerland. Sygnum is a digital asset bank and digital assets specialist with a global reach, specializing in safe, effective, and efficient financial services. The company provides a full range of digital asset custody and management services. It includes Spot and options trading, cryptocurrency backed fiat loans, innovative asset tokenization solutions, and B2B banking services. The startup is headed by finance experts who serve big-name clients.
What the founders have to say
“The digital asset economy is rapidly crossing the chasm to mainstream adoption, where investors will demand fully-regulated solutions as they accelerate their exposure. This financing round is a key milestone in our global expansion and in our mission to empower everyone everywhere to own digital assets with complete trust”, said Mathias Imbach, Co-Founder at Sygnum.
“Savvy digital asset investors are increasingly looking for novel opportunities in the frontiers of Web 3.0, including DeFi, NFTs, play-to-earn gaming and the metaverse. We look forward to partnering with our strong global network of strategic investors to expand our suite of fully-regulated digital asset offerings and solutions into these emerging verticals,” said Gerald Goh, Co-founder at Sygnum.
What the investor has to say
“We have a strategic vision to expand our fund management offerings into digital assets. Amidst growing institutional demand and regulatory oversight of this sector, Sygnum, with its track record as a fully-regulated digital asset bank and asset manager, is the ideal partner for us to co-develop digital asset focused products together and to cater to the strong demand for digital asset solutions and services in Asia, Europe and beyond,” said Lee Seng Huang, Group Executive Chairman at Sun Hung Kai & Co. Ltd.
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