Sygnum Bank raises USD 90 million in Series B financing Round 

Sygnum Bank, a digital asset technology group with a Swiss banking license and a Singapore asset management licence, has raised USD 90 million in an oversubscribed Series B funding round led by Sun Hung Kai Strategic Capital Limited, a Hong Kong listed alternative investment financial services institution. 

Other significant co-investors in the round include Canadian investment firm Meta Investments, Animoca Brands and Wemade, along with SBI Holdings and Siam Commercial Bank’s digital investment arm, SCB 10X 

Proceeds will accelerate the development of new institutional-grade Web 3.0 offerings, expansion into new global markets and the co-creation and international distribution of products with new strategic investors 

Wenger Vieli assisted Sygnum Bank in legal aspects in this transaction. The core team consisted of partner Wolfgang Zürcher (pictured), senior associate Michèle Joho-Menotti and associate Dominique Mattmann (all venture capital, m&a). 

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