Mayer Brown represented Sun Hung Kai & Co. Limited (SEHK: 86), a Hong Kong-listed alternative investment financial services institution, in its Series B investment in Sygnum Bank AG (Sygnum), the world's first digital asset bank.
Sun Hung Kai & Co. Limited led the US$90 million Series B funding round for Sygnum, which was oversubscribed. 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 Mayer Brown team included Intellectual Property & IT Group – partner Oliver Yaros and associate Randall Reece (both London).
