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Sygnum Bank achieves Unicorn status following 58 million USD funding round to expand Bitcoin focus

Sygnum Bank, based in Switzerland and Singapore, has raised 58 million USD to achieve Unicorn status and bolster its Bitcoin product offerings. With Fulgur Ventures leading the investment, the bank plans to broaden its operations and enhance technological innovations related to Bitcoin.

Looking ahead, Sygnum anticipates achieving operational profitability in 2024 while managing over 5 billion USD in assets for more than 2,000 clients. The bank’s growth reflects its commitment to expanding Bitcoin services and maintaining a competitive edge in the digital financial landscape.

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