Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company.
- Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement.
- Sygnum is based in Switzerland and Singapore. Its products include the regulated trading of cryptocurrencies.
- The crypto company said it will use the funds for new offerings, including yield-generating products and asset-management products for institutional clients.
Read more: Switzerland’s Sygnum Bank Gets Into DeFi
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