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Crypto Firm Sygnum Raised $90 Million in a Funding Round
Summary: Sygnum, which runs a digital-asset bank and trading platform, raised $90 million in a funding round that valued it at $800 million. The financing was led by Sun Hung Kai & Co., and also included investors like Animoca Brands and Canada’s Meta Investments, according to a statement from Sygnum. Sygnum plans to use the proceeds ...
Sygnum, which runs a digital-asset bank and trading platform, raised $90 million in a funding round that valued it at $800 million. The financing was led by Sun Hung Kai & Co., and also included investors like Animoca Brands and Canada’s Meta Investments, according to a statement from Sygnum.
Sygnum plans to use the proceeds to develop new offerings including yield-generating products and asset-management solutions for institutional clients, the statement said.
“The digital asset economy is rapidly crossing the chasm to mainstream adoption, where investors will demand fully-regulated solutions as they accelerate their exposure,” said Mathias Imbach, a Sygnum co-founder and its chief executive officer. “This financing round is a key milestone in our global expansion.”
By Amy Liu
Tags: Crypto,Funding,Sygnum
Link: Crypto Firm Sygnum Raised $90 Million in a Funding Round [Copy]
