SBI takes stake in digital asset bank Sygnum

Swiss digital asset bank Sygnum has scored an eight-figure dollar investment from a unit of Japanese financial behemoth SBI Holdings. SBI Digital Asset Holdings led a strategic fund raising round for Sygnum, following up on a partnership between the pair that was established late last year. Sygnum has now raised around $30 million in the last six months and will use the proceeds to grow the firm's assets under administration, which stood at over half a billion dollars last month.
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