TLDR:
Swiss digital asset banking group Sygnum has raised over $40m in a strategic growth round that exceeds the initial target of $35m and values the company at $900m. Investors include asset management firm Azimut Holding, as well as existing strategic and financial investors. The funding will be used to expand Sygnum’s geographical footprint and enhance its regulated offerings, including its B2B platform. Sygnum aims to provide bank-grade digital asset services to a wide customer base. The company’s CEO said the funding success in the current macro environment was exciting, demonstrating investor trust in the company.
