TechFlow reported on January 14 that, according to The Block, Sygnum, a cryptocurrency bank headquartered in Switzerland and Singapore, has raised $58 million in an oversubscribed strategic growth funding round.
The new capital will be used to expand its product portfolio—with a focus on Bitcoin technology—scale up institutional infrastructure, strengthen its compliance team, and explore strategic acquisition opportunities. Proceeds will also support Sygnum's expansion plans within the European Union and establish a regulated business in Hong Kong.
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