Summary of Sygnum bank $58 Million funding round and unicorn status

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In 2024, Sygnum experienced a 1,000% year-over-year surge in trading volumes, driven by strategic collaboration with Swiss state-owned bank PostFinance
The proceeds from Sygnum's strategic growth round funding will support expanding into the EU and Hong Kong while broadening its Bitcoin-focused product portfolio
Sygnum’s strategic growth round, led by Bitcoin-focused venture capital firm Fulgur Ventures, reflects strong confidence in Sygnum’s growth and innovation in regulated crypto services
Crypto-focused Swiss bank Sygnum raises $58 million, achieving a $1 billion valuation and unicorn status
Sygnum CEO Mathias Imbach cautioned that Switzerland is losing its competitive edge as a global crypto hub, highlighting the importance of ongoing innovation

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