Wemade Makes Strategic Investment in Signum, the World's Second Largest Digital Asset Bank
[Asia Economy Reporter Buaeri] On the 6th, Wemade announced that it has made a strategic investment in Signum Bank, the world's second-largest digital asset bank based in Switzerland.
The Series B funding round, in which Wemade participated, also included Tencent, Animoca Brands, Sun Hongkai, Meta Investment, and DeFi Protocols.
Signum is the world's first digital asset bank. It recorded a tenfold increase in revenue compared to the previous year. After this funding round, it was valued at approximately $800 million (about 960 billion KRW). Leveraging this investment, the company plans to expand its business into Web 3.0, new global markets, and cryptocurrency financial services such as DeFi.
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Jang Hyun-guk, CEO of Wemade, said, "We decided to invest considering the explosive growth potential of the digital asset market," adding, "We plan to pursue comprehensive cooperation in blockchain businesses such as non-fungible tokens (NFTs) and DeFi."
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