{"id":146757,"date":"2025-01-14T22:00:06","date_gmt":"2025-01-14T20:00:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146757"},"modified":"2025-01-14T13:33:13","modified_gmt":"2025-01-14T11:33:13","slug":"swiss-digital-bank-sygnum-hits-1-billion-valuation-after-58m-round","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/swiss-digital-bank-sygnum-hits-1-billion-valuation-after-58m-round\/","title":{"rendered":"Swiss Digital Bank Sygnum Hits $1 Billion Valuation After $58M Round"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.sygnum.com\/news\/sygnum-completes-usd-58m-strategic-growth-round-achieves-unicorn-status-with-1bn-valuation\/\">funding<\/a><\/strong>, led by <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>-focused venture firm Fulgur Ventures, included new and existing investors, with Sygnum&#8217;s leadership and employees retaining majority control.<\/p>\n<p>The bank currently oversees over $5 billion in client assets and recorded a remarkable 1,000% surge in trading volumes during 2024, attributed to its partnership with PostFinance, launched in 2023. Despite its success, Sygnum CEO Mathias Imbach warns that Switzerland risks falling behind other jurisdictions if innovation in the financial sector slows.<\/p>\n<p>The fresh capital will fuel Sygnum&#8217;s expansion into European and Hong Kong markets while enhancing its institutional services and Bitcoin-centric products. As demand for regulated crypto services grows, the bank plans to leverage its strengths, including Sygnum Connect, a 24\/7 settlement network, and Sygnum Protect, a custody solution for institutional trading.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/how-a-bitcoin-whale-lost-13-million-in-just-6-days\/\" title=\"How a Bitcoin Whale Lost $13 Million in Just 6 Days\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/bitcoin2311-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">How a Bitcoin Whale Lost $13 Million in Just 6 Days<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Sygnum\u2019s ascent to unicorn status underscores its position as a leader in digital banking. Imbach called this milestone a testament to the firm\u2019s resilience and a commitment to innovation.<\/p>\n<p>However, the bank has not been without controversy. Swiss authorities seized $26 million in assets linked to Terraform Labs\u2019 collapse in 2022, reflecting the broader challenges facing the crypto sector. With Do Kwon, the former Terraform CEO, awaiting trial in the U.S., the incident highlights ongoing risks in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital asset bank Sygnum has secured $58 million in a strategic growth round, pushing its valuation past $1 billion.<\/p>\n","protected":false},"author":3,"featured_media":34862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-146757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swiss Digital Bank Sygnum Hits $1 Billion Valuation After $58M Round<\/title>\n<meta name=\"description\" content=\"Digital asset bank Sygnum has secured $58 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