Digital asset bank Sygnum has raised $90 million at an $800 million post-money valuation. The Series B round was led by listed Hong Kong alternative asset manager Sun Hung Kai & Co. Limited. Existing strategic investors Japan’s SBI and Siam Commercial Bank’s SCB 10X also participated along with new investors. These included Canada’s Meta Investments, and blockchain NFT and gaming firms Animoca Brands and Wemade.
Sygnum has a banking license in Switzerland and an asset management license in Singapore, from where it jointly runs a digital asset investment fund with SBI and Italy’s Azimut.
In late 2020 the company said it might consider a future IPO on the SIX Digital Exchange and Singapore’s future digital asset exchange.
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