Crypto bank Sygnum hits unicorn status with new $58M raise
Fulgur Ventures, a leading investor in the recent successful funding round of Sygnum, has a reputation for supporting prominent players in the blockchain industry such as Blockstream. With their latest investment in Sygnum, Fulgur Ventures has once again demonstrated their commitment to driving innovation and growth in the digital asset space.
Sygnum, a Swiss-based digital asset bank, has recently announced the completion of its strategic growth round, with Fulgur Ventures as one of its cornerstone investors. This round has raised a total of $30 million, which will be used to further develop Sygnum’s digital asset banking services and expand its global presence.
Fulgur Ventures’ decision to invest in Sygnum is a testament to the bank’s strong track record and potential for future growth. Sygnum has established itself as a pioneer in the digital asset banking sector, offering a wide range of services including custody, trading, and lending for cryptocurrencies and other digital assets. The bank has also obtained a Swiss banking and securities dealer license, making it one of the first digital asset banks to be fully regulated.
In addition to their investment in Sygnum, Fulgur Ventures has a history of backing successful industry platforms such as Blockstream, a leading provider of blockchain technologies. This further solidifies their expertise and understanding of the blockchain space, making them a valuable partner for Sygnum’s growth and development.
With the support of Fulgur Ventures and other prominent investors, Sygnum is well-positioned to continue its expansion and drive innovation in the digital asset banking sector. As the demand for digital asset services continues to grow, Sygnum’s comprehensive and regulated offerings make it a key player in the industry. This latest funding round marks an important milestone for Sygnum and the digital asset space as a whole, and we can expect to see even more exciting developments from this dynamic partnership in the future.
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