Crypto Bank Sygnum Gets Unicorn Status With $58M Round

1 day ago · The crypto industry has a new "unicorn" in digital asset bank Sygnum, which has just closed a $58 million funding round. The Zurich, Switzerland and Singapore-based lender …

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Crypto Bank Sygnum Gets Unicorn Status With $58M Round

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1 day ago · The crypto industry has a new "unicorn" in digital asset bank Sygnum, which has just closed a $58 million funding round. The Zurich, Switzerland and Singapore-based lender …

coindesk.com

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Crypto Bank Sygnum Hits Unicorn Status With $58 Million Raise

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1 day ago · Crypto firm Sygnum Bank AG raised $58 million in an equity funding round, pushing its valuation past the $1 billion mark.. Cornerstone investor Fulgur Ventures LLC, a Bitcoin …

bloomberglaw.com

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Swiss Crypto-focused Bank Sygnum Hits Unicorn Status After …

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1 day ago · Sygnum, a Zurich-based digital asset banking group, has secured $58M (nearly €56.54M) in an oversubscribed strategic growth round, reaching a post-money valuation of …

siliconcanals.com

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Sygnum Crypto Bank Raises $58M, Achieves Unicorn Status With …

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1 day ago · Sygnum, a crypto bank based in Switzerland and Singapore, has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion …

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Crypto Bank Sygnum Achieves Unicorn Status With $58M Raise

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14 hours ago · Sygnum, a cryptocurrency banking group, has successfully raised $58 million in an oversubscribed strategic growth round, achieving unicorn status with a post-money valuation …

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Crypto Bank Sygnum Achieves Unicorn Status With $58M Series B …

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1 day ago · Sygnum, the Swiss and Singapore-based cryptocurrency bank, has solidified its position as a pioneer in the digital asset space by achieving unicorn status. Overview. On …

cryptonews.net

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Crypto Bank Sygnum Hits Unicorn Status With New $58M Raise - MSN

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Cryptocurrency banking group Sygnum is preparing to enter multiple markets after securing $58 million in an oversubscribed strategic growth round. Sygnum has achieved unicorn status with …

msn.com

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Crypto Bank Sygnum Soars To Unicorn Status With $58M Funding …

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1 day ago · Sygnum, a pioneering crypto bank based in Switzerland and Singapore, has reached a significant milestone in its journey, securing $58 million in an oversubscribed strategic …

ainvest.com

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Crypto Bank Sygnum Achieves Unicorn Status With $58M Series B …

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1 day ago · Sygnum plans to accelerate its geographic and product expansion with the new funding. In addition to deepening its presence in Europe and Asia, the bank aims to explore …

coininsider.com

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Sygnum Becomes A Crypto Unicorn After Raising $58M In Funding

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1 day ago · Explosive Growth in Crypto Trading. A significant factor in securing funding was Sygnum’s remarkable performance in 2024: 1,000% Increase in Trades: Year-over-year …

cryptometer.io

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Crypto Bank Achieves Unicorn Status | Cryptowisser News

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1 day ago · Swiss-Singapore crypto bank Sygnum raises $58M in strategic funding, ... Sygnum Hits Unicorn Milestone with $58M Strategic Investment Round • Published 15 minutes ago on …

cryptowisser.com

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Crypto Bank Sygnum Becomes Unicorn With Latest $58m Funding …

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23 hours ago · CRYPTO BANK SYGNUM BECOMES UNICORN WITH LATEST $58M FUNDING ROUND; BUSINESS. Crypto Bank Sygnum Becomes Unicorn With Latest $58m Funding …

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Sygnum Nears Unicorn Status After Funding Round - Finews.asia

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Jan 25, 2024 · Following the latest round of fundraising, crypto bank Sygnum has almost obtained unicorn status – a valuation of $1 billion or above. Sygnum has raised over $40 million in its …

finews.asia

FAQs about Crypto Bank Sygnum Gets Unicorn Status With $58M Round Coupon?

Is sygnum a 'fortune' bank?

·Fortune·Courtesy of Sygnum Sygnum, a crypto bank based in Switzerland, has raised $58 million, giving the privately-held company a valuation of $1 billion. The round was led by Bitcoin-focused investment firm Fulgur Ventures and follows a $40 million round closed early last year. ...

Is sygnum a unicorn?

Cryptocurrency banking group Sygnum is preparing to enter multiple markets after securing $58 million in an oversubscribed strategic growth round. Sygnum has achieved unicorn status with a post-money valuation of more than $1 billion, the company said in an announcement shared with Cointelegraph on Jan. 14. ...

Does sygnum work with banks?

Apart from PostFinance, Sygnum is working with at least 20 banks on its business-to-business platform, providing regulated crypto services to more than a third of the Swiss population, according to the announcement notes. ...

Why did sygnum attract investors?

Sygnum, founded in 2017, focuses on institutional and accredited private investors, providing banking services including lending, brokerage, asset management, and tokenization. Imbach said he believes this funding round attracted investors because of the traction the company has had over the last year. ...

Is sygnum a safe haven?

However, it doesn’t have a license to operate in the United States. Imbach said Sygnum pitches itself as a sort of safe haven, with “stringent compliance checks.” Following the 2022 collapse of crypto exchange FTX due to mismanagement of funds, Sygnum says it tries to gain customer trust through balance sheet transparency. ...

Does sygnum have a US license?

Imbach said the company puts a strong emphasis on maintaining regulatory compliance in all of the countries in which it operates, obtaining crypto licenses throughout Europe and Asia. However, it doesn’t have a license to operate in the United States. Imbach said Sygnum pitches itself as a sort of safe haven, with “stringent compliance checks.” ...