In sharing the exciting news, SCB 10X Chief Venture and Investment Officer Mukaya (Tai) Panich commented, "SCB 10X focuses on investing in disruptive technology startups worldwide. Financial technologies of the future, such as Blockchain, Digital Asset and DeFi, are core areas of interest in the digital asset space for us to explore. DeFi in particular, has seen very rapid growth and widespread adoption over the past year. With this new funding round, Sygnum will expand its offerings to include institutional grade Web 3.0 solutions, such as staking services and white-listed DeFi yield generation products to its customer base. We would like to show continued support to Sygnum, which has been recognized as a leading provider of integrated digital asset services with global reach, in its Series B fund raising."
"The digital asset economy is rapidly crossing the chasm to mainstream adoption, where investors will demand fully-regulated solutions as they accelerate their exposure. This financing round is a key milestone in our global expansion and in our mission to empower everyone everywhere to own digital assets with complete trust", said Mathias Imbach, Sygnum Co-Founder and Group CEO.
Source: Siam Commercial Bank