Sygnum Valued at $800M in $90M Funding Round: Report

The crypto company said it will use the funds for new offerings including yield-generating products and asset-management products for institutional clients.

AccessTimeIconJan 6, 2022 at 5:10 a.m. UTC
Updated Jan 7, 2022 at 1:45 a.m. UTC

Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company.

  • Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement.
  • Sygnum is based in Switzerland and Singapore. Its products include the regulated trading of cryptocurrencies.
  • The crypto company said it will use the funds for new offerings, including yield-generating products and asset-management products for institutional clients.

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Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

CoinDesk - Unknown

Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

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