Sygnum, a Switzerland-based crypto bank, has reached profitability in the first half of 2024, marking a significant achievement in the digital asset sector. The bank’s success is driven by substantial growth in its primary business areas, including custody, trading, and lending services. With assets under administration exceeding $4 billion, Sygnum serves clients from more than 60 countries, with a strong focus on regulatory compliance and security. Operating under both Swiss and Singaporean banking licenses, Sygnum ensures a secure and compliant environment for its users. The recent Strategic Growth Round, which secured over $40 million, will facilitate Sygnum’s expansion into new markets, including the European Union.
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