Sygnum, which is licenced in Singapore, Switzerland, Luxembourg and the United Arab Emirates, says that it has grown its assets under administration to over US$4 billion with 1,700 clients from more than 60 countries, since its series B fundraise.
Global digital asset banking group Sygnum has raised more than US$40 million ($53.54 million) in an interim close of its latest funding round, aimed to fund its expansion into new markets and development of B2B products.
This brings the company’s post-money valuation to US$900 million. The lead investor for the round is global asset management group Azimut Holding, with participation from new and existing investors. Sygnum employees have also participated as personal investors, as they had done in previous fundraising rounds.
