Swiss Crypto Bank Sygnum Inches Closer to ‘Unicorn’ Status With $40M Raise

Switzerland’s Sygnum, a crypto banking group, recently secured $40 million in funding, pushing its valuation to $900 million. Azimut Holdings led the round, with plans to expand into new European and Asian markets. Previously, in January 2022, they raised $90 million, valued at $800 million, and have since grown their assets under management to $4 billion, serving 1,700 clients across 60 countries.

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