Swiss digital asset bank Sygnum has secured $58 million in its Strategic Growth Round, pushing its valuation beyond $1 billion and earning the coveted “unicorn” status. The bank announced the oversubscribed funding round on January 14, with Fulgur Ventures, a Bitcoin-focused venture capital firm, leading the investment.
Both new and existing investors participated in the round, along with Sygnum’s team members. Mathias Imbach, Sygnum’s CEO, called the milestone a major validation of the bank’s business model and strategy.
“While it is an achievement we are very proud of, it won’t alter the values of integrity and humility and the importance of displaying confidence without attitude at all times,” Imbach stated.
The fresh capital will be used to expand Sygnum’s presence in the EU/EEA and Hong Kong markets. The bank also plans to enhance its Bitcoin services and broaden its product offerings to meet growing client demand.
Founded in 2018, Sygnum experienced significant growth in 2024, with revenues from crypto spot and derivatives trading surpassing the previous year’s total by Q3. The bank reported that annual trades increased by over 1,000% during the same period.
In December 2024, Sygnum issued a research report suggesting that major institutional investors have yet to fully enter the crypto space, leaving room for further price growth, particularly in Bitcoin. The bank also predicted that altcoins wouldn’t see the same explosive gains as in past bull runs, largely due to the impact of spot Bitcoin ETFs.
Sygnum’s continued expansion signals growing confidence in regulated crypto banking, with the bank positioning itself as a key player in driving institutional adoption of digital assets.
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