Crypto bank Sygnum raises $90 million, now valued at $800 million (via Yogita_Khatri5)
The firm is now valued at $800 million.Sygnum, a regulated crypto bank and asset manager, has raised $90 million in a Series B funding round. The firm is now valued at $800 million.
Sygnum's employees also participated in the Series B round, as with all its prior fundraising rounds. These employees, co-founders, board members, and management team continue to hold majority ownership of the company, said Sygnum.Sygnum said its business grew significantly in 2021, with consolidated gross revenues increasing tenfold, assets under administration growing to over $2 billion, and its institutional client base nearing 1,000.
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