[Press_Release] Wemade Announces a Strategic Investment In Sygnum, World’s First Digital Asset Bank
#Wemade #WEMIX #Sygnum #strategicinvestment #digitalasset #blockchain #DeFi
- Wemade joined Sygnum’s Series B funding round along with Animoca Brands and many others
- Wemade and Sygnum will seek ways to cooperate on blockchain business including NFT and DeFi
Wemade joined Sygnum’s Series B funding round, led by Sun Hung Kai & Co. Limited, to make a strategic investment.
Other significant co-investors in the round include Canadian investment firm Meta Investments, prominent blockchain, non-fungible token (NFT) and metaverse gaming companies including Animoca Brands and Wemade, founders of leading decentralized finance (DeFi) protocols and existing strategic investors including SBI Holdings and Siam Commercial Bank’s digital investment arm, SCB 10X.
The round gives the world’s first digital asset bank a post-money valuation of USD ~ 800 million, underpinmned by a tenfold increase in consolidated gross revenues in 2021, an institutional client base now nearing 1,000 and assets under administration growing to over USD 2 billion.
Sygnum Series B raises USD 90 million, accelerating expansion of Web 3.0 offerings including DeFi and into new global markets
“We decided to join the round considering the explosive growth potential of the digital asset market,” said Henry Chang, CEO of Wemade. “We will seek ways to join forces with Sygnum in the blockchain business including NFT and DeFi.”
WEMIX is Blockchain Gaming Platform developed by Wemade Tree Pte. Ltd, providing services including Cryptocurrency Wallet, Token Exchange, Game Item Trade and Game Gateway. Wemade Tree Pte. Ltd is subsidiary of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
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