PANews reported on January 14 that Sygnum, a crypto bank headquartered in Switzerland and Singapore, announced the completion of a strategic financing of US$58 million, with a valuation exceeding US$1 billion, officially joining the ranks of unicorns. The financing was led by Fulgur Ventures, which focuses on Bitcoin technology, and new and old investors and team members participated in the financing. The funds will be used to expand the product portfolio (with a focus on Bitcoin technology), enhance compliance capabilities, expand institutional infrastructure, and explore strategic acquisition opportunities.

Sygnum plans to strengthen its European operations and establish a regulated institution in Hong Kong. The bank currently manages more than $5 billion in assets and serves more than 2,000 clients from 70 countries. In 2024, Sygnum achieved full-year profitability, with total transaction volume increasing by more than 1,000% year-on-year.