{"id":55557,"date":"2022-01-08T17:12:40","date_gmt":"2022-01-08T15:12:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55557"},"modified":"2025-09-04T02:08:29","modified_gmt":"2025-09-03T23:08:29","slug":"swiss-crypto-bank-sygnum-raises-90-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/swiss-crypto-bank-sygnum-raises-90-million\/","title":{"rendered":"Swiss crypto bank Sygnum raises $90 million"},"content":{"rendered":"<p>The Swiss-regulated cryptocurrency bank Sygnum has closed a $90 million Series B funding round. The company&#8217;s valuation stood at roughly $800 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce2News: Sygnum Bank closes USD 90m Series B \ud83d\ude80 <\/p>\n<p>Many thanks to our investors Sun Hung Kai &#038; Co., Meta Investments, <a href=\"https:\/\/twitter.com\/SBI_DAH?ref_src=twsrc%5Etfw\">@SBI_DAH<\/a> <a href=\"https:\/\/twitter.com\/SCB10X_OFFICIAL?ref_src=twsrc%5Etfw\">@SCB10X_OFFICIAL<\/a>, <a href=\"https:\/\/twitter.com\/animocabrands?ref_src=twsrc%5Etfw\">@animocabrands<\/a> &#038; Wemade that made this milestone possible! \ud83d\udcc8<\/p>\n<p>Read the full announcement here \ud83d\udc47<a href=\"https:\/\/t.co\/EKnMYRvAHc\">https:\/\/t.co\/EKnMYRvAHc<\/a><\/p>\n<p>\u2014 Sygnum Bank (@sygnumofficial) <a href=\"https:\/\/twitter.com\/sygnumofficial\/status\/1478976550817124353?ref_src=twsrc%5Etfw\">January 6, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding round was led by Hong Kong financial firm Sun Hung Kai &#038; Co., with participation from Animoca Brands, WeMade, SBI Holdings, Meta Investments and others.<\/p>\n<p>The funds will be directed toward developing <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> solutions, asset-management offerings with access to DeFi, and the creation of new commercial relationships with leading blockchain ecosystems.<\/p>\n<p>In 2021, the bank&#8217;s gross revenue grew tenfold, assets under management rose to more than $2 billion. The crypto bank&#8217;s client base approached 1,000 institutions.<\/p>\n<p>In June 2021, Sygnum expanded its suite of services, <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-sygnum-offers-trading-and-custody-of-defi-tokens\">custody and trading of DeFi project tokens<\/a>. Support was extended to Aave, Aragon, Curve, Maker, Synthetix, Uniswap and 1inch Network.<\/p>\n<p>In July, Sygnum became the first bank <a href=\"https:\/\/forklog.com\/en\/news\/sygnum-becomes-the-first-bank-to-offer-ethereum-2-0-staking-to-clients\">to offer Ethereum 2.0 staking<\/a> for clients.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss-regulated cryptocurrency bank Sygnum has closed a Series B funding round worth $90 million. The company\u2019s valuation stood at roughly $800 million.<\/p>\n","protected":false},"author":1,"featured_media":55558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1316,1133],"class_list":["post-55557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sygnum","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=55557"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55557\/revisions"}],"predecessor-version":[{"id":55559,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55557\/revisions\/55559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/55558"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=55557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=55557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=55557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}