Crypto Bank Sygnum Achieves Unicorn Status After $58 Million Funding Round

Digital asset bank Sygnum has achieved "unicorn" status after closing a $58 million funding round led by Fulgar Ventures. Key points include:

The funding round was oversubscribed and elevates Sygnum's valuation to over $1 billion.
This follows a previous valuation of $900 million after a $40 million raise last year.
Sygnum, licensed in Luxembourg, Switzerland, and Singapore, aims to expand into the European market and establish a regulated presence in Hong Kong.
The bank plans to enhance its product offerings focused on Bitcoin technology and pursue acquisitions.