Today Swiss digital asset bank Sygnum announced a $40m oversubscribed funding round led by Italian asset manager Azimut, an existing investor and partner. At the interim close, the post-money valuation for the bank is $900 million, up from $800 million at the time of its Series B, which was shortly after the peak of the previous crypto boom.
The company didn’t share the identities of the other investors. Some of its existing backers include Japan’s SBI and Siam Commercial Bank’s SCB 10X.
The bank revealed several pieces of positive data, including a revenue run rate of more than $100 million, a Q4 positive cash flow and $4 billion of assets under management.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
