Crypto bank Sygnum raises $90 million, now valued at $800 million

Sygnum, a regulated crypto bank and asset manager, has raised $90 million in a Series B funding round. The firm is now valued at $800 million.

Sun Hung Kai & Co., a Hong Kong-listed financial services company, led Sygnum’s Series B funding. Other investors in the round included Animoca Brands, SBI Holdings, Siam Commercial Bank’s digital investment arm SCB 10X, and Canadian investment firm Meta Investments.

Read more: The Block