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Crypto Firm Sygnum Hits $800 Million Valuation in Funding Round

Sygnum, which runs a digital-asset bank and trading platform, raised $90 million in a funding round that valued it at $800 million, as venture capital firms pour record-shattering amounts of money into the crypto industry. 

The financing was led by Sun Hung Kai & Co., and also included investors like Animoca Brands and Canada’s Meta Investments, according to a statement from Sygnum.