Sygnum Bank AG’s $90 Million Series B Financing Round

Wenger Vieli advised Sygnum Bank AG on the deal. Mayer Brown represented Sun Hung Kai & Co. Limited.

Sygnum Bank AG, the world’s first digital asset bank and digital asset specialist, raised USD 90M in Series B led by Sun Hung Kai Strategic Capital Limited, a Hong Kong-listed alternative investment financial services institution.

Sygnum, a digital asset technology group with a Swiss banking license and a Singapore asset management license, said it intends to use the proceeds from the latest funding round to accelerate the development of new institutional-grade Web 3.0 offerings and expand into new global markets.

The Wenger Vieli team consisted of Wolfgang Zürcher (Picture – Partner, Venture Capital / M&A), Michèle Joho-Menotti (Senior Associate, Venture Capital / M&A) and Dominique Mattmann (Associate, Venture Capital / M&A).

The Mayer Brown team was led by Corporate & Securities partner Mark Uhrynuk (Hong Kong) and Intellectual Property & IT Group – partner Oliver Yaros and associate Randall Reece (both London).

Involved fees earner: Reece Randall – Mayer Brown; Mark Uhrynuk – Mayer Brown; Oliver Yaros – Mayer Brown; Michèle Joho-Menotti – Wenger Vieli; Dominique Mattmann – Wenger Vieli; Wolfgang Zürcher – Wenger Vieli;

Law Firms: Mayer Brown; Wenger Vieli;

Clients: Sun Hung Kai & Co (SHKCO); Sygnum Bank AG;

Federica Tiefenthaler

Author: Federica Tiefenthaler