Sygnum, Switzerland's leading digital asset bank, just completed a growth funding round of 58 million USD, bringing the company's valuation past 1 billion USD. This milestone marks Sygnum's entry into the Unicorn club, led by the venture capital fund Fulgur Ventures focusing on $BTC .

Growth Power

  • Assets under management: Over 5 billion USD.

  • Transaction volume: Increased by 1,000% compared to 2024, thanks to cooperation with #PostFinance since April 2023.

  • Infrastructure: Sygnum launched its 24/7 multi-asset payment network Sygnum Connect in July 2024 and the Sygnum Protect service, ensuring safe crypto transactions with collateral stored to banking standards.

Development Plan

New capital will be used by Sygnum to:

  • Expansion into EU/EEA markets.

  • Establishing presence in Hong Kong through licensed digital asset services.

  • Expanding the product portfolio focused on Bitcoin, meeting the growing demand for managed crypto services.

Challenges and Innovation

Despite achieving many successes, co-founder and CEO Mathias Imbach expressed concerns that Switzerland is losing its competitive edge to other regions. He emphasized the need for continuous innovation in finance to maintain the nation's position.

In 2023, #Sygnum became the focus as Swiss authorities seized 26 million USD in crypto assets at this bank, owned by directors of Terraform Labs – a project that collapsed with a 40 billion USD loss. This incident is related to Terraform Labs CEO Do Kwon, who is awaiting trial in the US in 2026 on fraud charges.

Confident Message

CEO Mathias Imbach calls the event reaching Unicorn status evidence of Sygnum's strength and credibility, while committing that the company will continue to grow with an attitude of "confident but not complacent."

Conclusion
Sygnum has not only made its mark as the first crypto bank to achieve Unicorn status but also leads the trend of scaling, innovating, and providing high-quality digital asset services. This further reinforces Switzerland's role on the global digital finance map.

(Note: Investing in cryptocurrencies carries high risks. Please do thorough research before participating in the market.) #anhbacong