Sygnum, a digital asset technology group with a Swiss banking license and a Singapore asset management licence, has raised USD90 million in an oversubscribed Series B funding round led by Sun Hung Kai & Co Limited, plus a a raft of new and existing strategic investors.
The round values Sygnum at USD800 million on a post-money basis.
As with all prior fundraising rounds, the Series B also saw the participation of a large group of employees as personal investors. These team members have now joined the co-founders, board members and management team as shareholders of the firm, and this group continues to hold majority ownership of the company.
Proceeds will accelerate Sygnum’s development of new institutional-grade Web 3.0 offerings.
