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.

Jan 6, 2022, 5:10 AM

Updated May 11, 2023, 5:52 PM

(Getty Images)

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

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

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