Crypto Banking Group Sygnum Raises $58 Million Reaching Unicorn Status
Sygnum, the crypto banking group, has achieved unicorn status with a valuation of $1 billion after raising $58 million in an oversubscribed strategic growth round.
Crypto Institutional Investors Show Long-Term Commitment, Plan to Invest More
Sygnum Bank’s annual survey reveals that 57% of institutional investors plan to increase their crypto allocations, with a growing appetite for Bitcoin and altcoins.
Swiss Neobank Sygnum Restructures Crypto Fund to Attract Institutional Clients
99% of Sygnum’s customers supported the transition of its Yield Core AMC fund into a Luxembourg-based Reserved Alternative Investment Fund structure.
Sygnum Bank Believes that Solana Could Seriously Challenge Ethereum in Future
The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.
Crypto Bank Sygnum Records Profit in H1 2024, Seeks Global Expansion
Sygnum recorded substantial growth across its four core client segments.
Sygnum Bank Launches Multi-Asset Instant Settlement Network Dubbed Sygnum Connect
The Sygnum Connect will operate 24/7 for eligible institutional investors designed to provide instant settlement for fiat, digital assets, and stablecoins.
Fidelity and Sygnum Team Up with Chainlink to Bring NAV Data On-Chain
By
Leon Okwatch
This collaboration aims to enhance accessibility for net asset value (NAV) data in tokenized assets.
Swiss Crypto Bank Sygnum Adds 20 New Lenders for Business Enhancements
Sygnum explained that Switzerland’s regulatory framework permits it to act as a crypto custodian for its partner banks, managing crypto assets on behalf of their customers.
Coinbase’s Former VP Joins Matter Labs as President, Eyeing Global Expansion
As the newly appointed president, Murugesan will oversee a team of 60 employees and lead a recruitment campaign in the upcoming months.
Crypto Bank Sygnum Closes $40M Funding Round at $900M Valuation
As in previous fundraising rounds, Sygnum employees took part in the round as personal investors.
Swiss Bank SGKB Partners with SEBA Bank to Bring Bitcoin and Ethereum Trading to Clients
The Swiss banking industry has been incredibly receptive to crypto with many local banks adding cryptocurrency services to their offerings.
Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.
Swiss Bankers Association Proposes Joint Deposit Token
Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front.
Royal Museum of Fine Arts Antwerp (KMSKA) Tokenizes Investment in Fine Arts
By
John K. Kumi
The tokenization will begin with Belgian painter James Ensor’s (1860–1949) painting “Carnaval de Binche.”
Banking Institutions Showing Major Interest in Ethereum 2.0 Staking
Institutional participants for Ethereum 2.0 staking have started showing major interest even before the launch of the mainnet. Banking giants have started seeing the huge potential with staking services on the Ethereum blockchain network.