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Hong Kong Real Estate Giant Leads $ 90 Million Raise For Crypto Bank Sygnum

News Snapshot:

According to Sun Hung Kai executive chairman Lee Seng Huang, the company has a strategic vision to expand its fund management offerings into digital assets. Sygnum officially announced Thursday that it had closed a $90-million Series B round led by Sun Hung Kai, a real estate giant and alternative investment firm in Hong Kong. The funding round brings Sygnum’s post-money valuation to $800 million, marking a tenfold surge in consolidated revenues from 2021. “Amidst growing institutional demand and regulatory oversight of this sector, Sygnum, with its track record as a fully-regulated digital asset bank and asset manager, is the ideal…

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