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Switzerland-based crypto bank Sygnum AG has secured over $40 million in a funding round led by asset manager Azimut Holding. The Zurich-headquartered crypto -friendly bank Sygnum AG is set to double down on its acquisition plans and expansion, with the latest funding round valuing the lender at about $900 million. In a blog post on Jan. 25, the bank said it has raised $41 million against an initial target of $35 million in an interim close of its latest funding round, which is named the Strategic Growth Round. News: Sygnum raises more than USD 40 million in interim close of oversubscribed financing round. Read the full announcement here: https://t.co/v2XD4duICY #fundrasing #sygnum — Sygnum Bank (@sygnumofficial) January 25, 2024 While Sygnum did not disclose the full list of backers, it noted that the latest funding was supported by new investors and led by Azimut Holding, a global asset management group. Sygnum employees — who also participated in the funding — together ...

SEBA began its quest for Hong Kong expansion late last year, setting up an office in November 2022 and by August 2023, the firm obtained an in-principle approval to offer virtual asset trading services. Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto -related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd Nov. SEBA SFC license details. Source: SFC The license makes way for SEBA in dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives. The license marks SEBA’s first footprint in the Asia Pacific region. SEBA first launched an office in Hong Kong in November 2022 with a focus on expanding its services in the region and received an in-princip...