{"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":"

This funding<\/a><\/strong>, led by Bitcoin<\/a><\/strong>-focused venture firm Fulgur Ventures, included new and existing investors, with Sygnum’s leadership and employees retaining majority control.<\/p>\n

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

The fresh capital will fuel Sygnum’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