Digital asset bank Sygnum completes $90 million financing at a valuation of $800 million, led by Sun Hung Kai

On January 6, Sygnum, which operates a digital asset bank and trading platform, has raised $90 million in a new round of financing at a valuation of $800 million. The financing was led by Sun Hung Kai & Co, with participation from Animoca Brands and Meta Investments.

According to the statement, Sygnum plans to use the proceeds to develop new products for institutional clients, including revenue-generating products and asset management solutions. According to previous reports, in June this year, Swiss digital asset bank Sygnum launched the custody and trading of a series of decentralized finance (DeFi) tokens, including Aave, Aragon, Curve, MKR, Synthetix, Uniswap and 1inch Network. Sygnum also provides USDC for USDC Added banking services.