Krypto-Bank Sygnum will be the next unicorn in the crypto Valley

Sygnum, the globally active banking group for digital assets, has collected a total of $ 58 million in its oversubscribed strategic growth round. The capital recording happened to an evaluation of over 1 billion USD, which makes the bank the next “Unicorn” of the Crypto Valley.

The main investor is Fulgur Ventures, a Venture Capital Society specializing in Bitcoin, as well as new and existing strategic and financial investors. The banking group manages customer assets of more than $ 5 billion and the completed strategic growth round strengthens the solid balance sheet to support future growth. The additional capital is intended to accelerate the market entry in several regions, expand the product portfolio with a focus on Bitcoin technology, enable strategic acquisitions and further strengthen organizational resistance.

Key investment with Bitcoin focus

The main investor focuses on Bitcoin technology, infrastructure and applications that promote the wider use of Bitcoin. In Fulgur, new and existing strategic and financial investors as well as members of the Sygnum team are joining themselves who participate at the same terms. The co-founders together with the board of directors, the management and the other team members continue to hold the majority at the crypto banking group.

“Sygnum's market -proven infrastructure, his team, which specializes in digital assets and its global ecosystem, make the company the ideal partner for the joint development of innovative Bitcoin -related financial products and technologies -as well as for future cooperation with other fulgur portfolio companies. Temporarily coincides with a potential turning point for the institutional acceptance of Bitcoin and regulatory clarity. “ – Oleg Mikhalsky, partner Bei Fulgur

The proceeds from the concluded strategic growth round are used for the extended market entry to the EU and the EEA in 2025 and for the establishment of a regulated branch in Hong Kong. In addition, the funds for the expansion of institutional infrastructure, the expansion of its product portfolio with a focus on Bitcoin technology and for strategic acquisitions in the course of further market development. Since the trend towards further regulation of the industry is gaining more and more driving, additional investments are also made to further strengthen the organizational and operational resistance, compliance teams and modern risk management, according to Sygnum.

Sygnum reaches profit zone

The continuous growth of the core business over the past few years has been an important factor for the excessive strategic growth round. In 2024, the trading volume for all trading products, including the crypto spot and derivative trade, as well as FX trading and trade in traditional securities, exceeded the total volume of the previous year for the second time in a row. The total number of traded trade orders for 2024 increased by more than 1,000% compared to the previous year From Postfinance And the more than 20 partner banks on the Sygnum B2B platform, which provides more than a third of the Swiss population regulated crypto services. Other products supplemented the offer at the institutional level

In the 2024 financial year, Sygnum has reached the operational profit zone and further expanded its 2,000 customers strong institutional customer base from over 70 countries, which are supervised from their regulated branches in Switzerland, Singapore and Abu Dhabi. The group is also regulated in the established global financial centers of Luxembourg and recently Liechtenstein.

“At a time when Switzerland loses the preferred location for digital assets compared to other countries, it is also our duty to point out that Switzerland must not neglect the importance of continuous innovation in the financial sector and must continue to attract talents and capital in order to remain relevant in the long term. In this sense, the mission of SYGNUM has just started.” – Mathias Imbach, Sygnum co -founder and CEO of the group