- Swiss crypto neobank Sygnum raises $40 million in a strategic growth round at a $900 million valuation.
- Led by Azimut Holding, the round sees participation from new and existing investors, including Sygnum team members.
- Sygnum plans to use the funds to expand into new markets and enhance its product suite.
- Licensed in Switzerland and Singapore, Sygnum offers digital asset banking, asset management, tokenization, and B2B services.
- Regulated in the UAE and Luxembourg, Sygnum boasts $4 billion in assets under administration and 1,700+ clients.
- The neobank’s CEO, Gerald Goh, highlights the capital injection’s role in building regulated solutions for increased asset exposure.
- Mathias Imbach, Sygnum’s group CEO, credits the neobank’s success to its strategy of building trust through regulation and governance.
- Despite the current crypto winter, Sygnum aims to thrive in the market’s renaissance, fueled by the recent SEC approval of spot Bitcoin ETFs.
