Sygnum, a crypto custody and banking platform, has secured over USD 40 million in growth funding, led by Azimut Holding, with participation from several, unnamed new and existing investors. This round brings the company's total funding to USD 130 million and gives it a post-money valuation of USD 900 million.

The company plans to use the funds to venture into new markets and to expand its suite of regulated products and services.

Based in Switzerland, Sygnum offers regulated digital asset-related banking services to institutions and individuals. Sygnum's core offerings include custody, brokerage, tokenization, asset management, lending, and B2B banking services. Moreover, the company also provides a diverse portfolio of investment products aimed at different aspects of the digital asset market. These include yield-generating strategies and exposure to the growth of blockchain protocols through products like the Sygnum Platform Winners Index ETP.