Crypto Bank Sygnum Achieves Unicorn Status with $58M Series B Raise

Sygnum, the Swiss and Singapore-based cryptocurrency bank, has solidified its position as a pioneer in the digital asset space by achieving unicorn status.

Overview

On January 14 2025, Sygnum announced its plans to expand into multiple markets following a successful $58 million funding round. This raised its post-money valuation to over $1 billion, earning it the title of unicorn. This milestone follows a successful $58 million Series B funding round, reflecting growing confidence in the institution’s ability to innovate and navigate the rapidly evolving crypto-finance landscape. As the first digital asset bank globally, Sygnum’s valuation now surpasses $1 billion, underlining its critical role in shaping the future of banking and blockchain technology.

A Landmark Achievement in the Crypto Space

Founded in 2018, Sygnum has consistently been at the forefront of digital banking, combining traditional financial services with cutting-edge blockchain technologies. The Series B funding round, led by institutional investors, family offices, and private backers, underscores the firm’s robust market positioning. According to Sygnum, the funds will be used to expand its suite of regulated products and services, which include tokenised asset offerings, crypto custody solutions, and a fully integrated platform for digital asset staking. 

These services cater to a diverse clientele, including high-net-worth individuals, institutional investors, and fintech companies seeking secure and innovative access to the digital economy. The bank’s ability to maintain regulatory compliance while offering crypto-native solutions has been a key differentiator in an industry fraught with legal and operational challenges. This achievement highlights Sygnum’s resilience and potential to influence the broader adoption of blockchain technologies in traditional finance.

Strategic Expansion Plans

Sygnum plans to accelerate its geographic and product expansion with the new funding. In addition to deepening its presence in Europe and Asia, the bank aims to explore opportunities in emerging markets, where demand for digital assets is growing exponentially. One of Sygnum’s priorities is the development of new tokenisation projects. These initiatives will enable clients to tokenise real estate, fine art, and intellectual property, transforming them into tradable digital assets on blockchain networks. 

By doing so, Sygnum is poised to bridge the gap between traditional asset classes and the crypto ecosystem, creating new opportunities for liquidity and investment diversification. Furthermore, the bank is committed to enhancing its staking services for proof-of-stake (PoS) cryptocurrencies. With the rise of PoS protocols, Sygnum’s infrastructure ensures institutional-grade security and efficiency, catering to investors looking to participate in blockchain consensus mechanisms while earning passive income.

Implications for the Crypto Industry

Sygnum’s unicorn status marks a significant moment for the crypto industry, signalling increased institutional acceptance and validation. As regulatory scrutiny intensifies globally, Sygnum’s ability to operate within legal frameworks sets a benchmark for other crypto-focused entities aspiring to gain mainstream recognition. The funding round also reflects a shift in investor sentiment. Once considered speculative, the digital asset space is now viewed as a viable sector with long-term growth potential.

Sygnum has demonstrated that regulated crypto businesses can attract serious capital and thrive in a competitive market by securing substantial backing. As the crypto market matures, institutions like Sygnum will be pivotal. Their success fosters trust among traditional financial players and propels the adoption of blockchain technology across various sectors. Sygnum is shaping the narrative around integrating crypto assets into the broader financial system by offering compliant, innovative solutions.

Sygnum’s rise to unicorn status is a testament to its vision and execution in the rapidly evolving world of digital finance. The $58 million funding round highlights growing investor confidence in the bank’s ability to navigate regulatory landscapes while offering innovative products. As Sygnum embarks on its next growth phase, it will play a crucial role in driving the convergence of traditional and digital finance, paving the way for a more inclusive and decentralised global economy.