SBI Holdings, a Japanese financial services company, will lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum.
Sygnum, which has a Swiss banking license, announced Tuesday that it had received an eight-digit US dollar investment from SBI’s subsidiary SBI Digital Asset Holdings that will help the company grow its customer base and expand into new markets in Europe and Asia .
The company, which is based in Switzerland and Singapore, announced that the fundraiser has raised approximately $ 30 million in investments over the past six months, which has helped the company grow its assets under management that are in the It was over $ 500 million as of January 2021.
As the company prepares for a possible public offering, the capital raised will also serve to expand Sygnum’s offering of custody offerings, commercialize its tokenization platform and secondary market trading facility, and expand its open banking API infrastructure.
“With this strong start into 2021, we look forward to working with our stakeholders to continue developing new solutions, bringing new products to market and ultimately enabling our customers to safely, conveniently and safely participate in the fast growing Digital Assets Opportunity to participate fully regulated, ”said Gerald Goh, Co-Founder and CEO of Sygnum Singapore.
The two companies have had a relationship since last October when they launched a fund in Singapore that focuses on early investment opportunities in cryptocurrency.
