{"id":7521,"date":"2025-01-14T08:02:05","date_gmt":"2025-01-14T08:02:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7521"},"modified":"2025-01-14T08:02:05","modified_gmt":"2025-01-14T08:02:05","slug":"crypto-bank-sygnum-gets-unicorn-status-with-58m-round","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7521","title":{"rendered":"Crypto Bank Sygnum Gets Unicorn Status With $58M Round"},"content":{"rendered":"<div>\n<p>The crypto industry has a new &#8220;unicorn&#8221; in digital asset bank Sygnum, which has just closed a $58 million funding round.<\/p>\n<p>The Zug, Switzerland and Singapore-based lender closed an oversubscribed &#8220;strategic growth round,&#8221; which was led by BTC-focused venture capital firm Fulgar Ventures, according to an emailed announcement on Tuesday.<\/p>\n<p>The round gave Sygnum &#8220;unicorn&#8221; status, the term for a privately-owned startup with a valuation of $1 billion or more. The round comes around a year after Sygnum acquired a $900 million valuation <a href=\"https:\/\/www.coindesk.com\/business\/2024\/01\/25\/swiss-crypto-bank-sygnum-inches-closer-to-unicorn-status-with-40m-raise\" target=\"_blank\">on the back of a $40 million raise<\/a>.<\/p>\n<p>Sygnum, which is currently licensed in Luxembourg, Switzerland and Singapore, plans to use the new capital to expand its entry to the European market and initiate a regulated presence in Hong Kong. <\/p>\n<p>The bank plans to expand its product base with a focus on Bitcoin technology and prepare the ground for acquisitions.<\/p>\n<p>Read More: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/01\/02\/garanti-bbva-s-to-provide-crypto-trading-services-in-hint-of-things-to-come\" target=\"_blank\">Garanti BBVA\u2019s to Provide Crypto Trading Services in Hint of Things to Come<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto industry has a new &#8220;unicorn&#8221; in digital asset bank Sygnum, which has just closed a $58 million funding round. The Zug, Switzerland and Singapore-based lender closed an oversubscribed &#8220;strategic growth round,&#8221; which was led by BTC-focused venture capital firm Fulgar Ventures, according to an emailed announcement on Tuesday. The round gave Sygnum &#8220;unicorn&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7521","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7521"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7521\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}