After raising $90 million in Series B, Sygnum, a digital asset technology company, is closer to becoming a unicorn. The company now has a market value of $800 million.
Sun Hung Kai & Co. Limited led the Series B financing, a prominent Hong Kong-listed financial service firm. Meta Investments, a prominent Canadian investment firm, was also part of the financing round.
Sygnum, a Swiss banking license holder, plans to use the funds for the acceleration of the development and distribution of Web 3.0 offerings at institutional levels. The crypto company plans to expand its presence on new global markets.
“The digital asset market is quickly crossing the threshold to mainstream adoption. Investors will demand fully-regulated solutions to accelerate their exposure. This financing round is a significant milestone in our global expansion as well as in our mission to empower everybody everywhere to own digital assets without complete trust,” Mathias Imbach (Co-Founder and Group CEO at Sygnum), said.