Signature Bank (Nasdaq: SBNY), a U.S.-based full-service commercial bank, announced on Tuesday the launch and integration of the full functionality of its proprietary, blockchain-based digital payments platform, Signet, with Fireblocks, an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Effective immediately, Signature Bank clients can use Signet to initiate transactions on the Fireblocks Network through console and API connectivity.
“With nearly $50 billion in assets, Signature Bank is a full-service bank built upon strong financials and exceptional client service, provided by experienced financial professionals. SIGNET is just one of many robust products and services offered by Signature Bank.”
Speaking about the platform and integration, Joseph DePaolo, President and CEO of Signature Bank, stated:
“The integration with Fireblocks will offer enhanced services to our clients. With this latest banking technology innovation, Signature Bank remains at the forefront as we advance our Signet product and its capabilities. As the digital needs of our clients continue to evolve and the broader adoption of asset tokenization increases, Signet APIs are yet another example of how we continuously strive to help our clients deliver better business performance and improve their operations.”
Michael Shaulov, Chief Executive Officer of Fireblocks, went on to add:
“Fireblocks and Signature Bank share the same core philosophy when it comes to ensuring the accessibility and security of customer assets 24/7/365. Naturally, Signature Bank is a vital partner for us as we continue to grow the Fireblocks Network.”