The company said that its initial target for the funding round was $35 million. Sygnum, a crypto banking group based in Switzerland, closed a $40 million round, which valued the firm at $900 million. “Closing a successful funding round in this macro environment with such strong partners is exciting, and we are thankful for our investors’ trust in us,” Mathias Imbach, Sygnum’s co-founder and CEO, said in a press release on Thursday. “Our strategy to build trust via regulation and good governance has guided us throughout all market cycles.”