Today SBI Digital Assets, part of Japan’s SBI Holdings, announced an eight-figure investment in Switzerland’s Sygnum Bank. Four months ago, the two companies unveiled a joint investment fund to target digital asset startups.
Sygnum says this brings total funds raised in the last six months to $30 million. The bank holds licenses in both Switzerland and Singapore.
“Regulated banking platforms will play an essential role in meeting the growing wave of institutional adoption for digital assets,” said Fernando Luis Vasquez Cao, SBI Digital Asset Holdings CEO. “As a regulated and professional digital asset specialist, Sygnum is the right partner to help us deliver on our vision to make this asset class more trusted.”
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