With a$ 58 million expansion large, Swiss Crypto Bank Sygnum Joins the Unicorn Club.

Sygnum, a Swiss digital asset finance company, raised$ 58 million in an oversubscribed strategic development large, increasing its assessment beyond$ 1 billion.

Fulgur Ventures, a venture capital firm focused on bitcoin, joined new and existing proper investors in the last close along with Sygnum team members, serving as the final lead.

Importantly, the co-founders, table, and team members maintain bulk ownership.

The banking group manages over$ 5 billion in total client assets, with trading volumes surging more than 1, 000 % year-over-year in 2024, according to a statement shared with . This was achieved through Sygnum’s collaboration with PostFinance, which began in April 2023, the statement says.

Despite these goals, Sygnum co-founder and party CEO Mathias Imbach believes that Switzerland, at a broader level, is “losing earth to another jurisdictions”.

According to Imbach, the nation if” never ignore the importance of continuous development in the financial industry.”

The development round will allow Sygnum to expand into the EU and EEA markets and establish a restricted presence in Hong Kong. As demand for regulated blockchain services continues to grow, the company announced that it plans to expand its administrative facilities and expand its product portfolio centered on Bitcoin.

Last year in July, Sygnum launched its 24/7 multi-asset settlement system, Sygnum Connect, partnering with modern property trade AsiaNext and prime agent Hidden Road.

The company then introduced Sygnum Protect, which makes it possible for institutional clients to deal on big crypto exchanges while keeping their credit in bank-grade guardianship.

” Confidence without approach”

Having hit fairy standing with its latest square is both a” solid confirmation” of Sygnum’s power and a signal for the lender to keep showing” assurance without attitude”, Imbach stated.

European officials seized$ 26 million in crypto goods held at Sygnum Bank by directors of Terraform Labs, a collapsed crypto venture, in June 2023. This doubled the amount of money previously held by previous Terraform Labs CEO Do Kwon.

Following Terraform Labs ‘$ 40 billion collapse in May 2022, which resulted in Kwon’s incarceration in Montenegro on card fraud costs while fleeing to Dubai, the arrest followed.

As 2025 opened, Do Kwon pleaded not guilty to U. S. claims over Terra’s decline. Following his extradition to the U.S., his legal prosecution has been scheduled for 2026.

Sygnum did not immediately return ‘s request for comment.