Sygnum, a global digital asset banking group, announces it has launched its collaboration with BNY (NYSE: BK), a global financial services company, as one of its USD settlement providers. The collab, which is reportedly one the first with a European digital asset bank in this area, now further scales Sygnum’s global money-moving infrastructure and accelerates asset flows between the digital and Trad-Fi ecosystems for its clients.
Sygnum is the European digital asset bank that is now working with BNY on USD settlement services.
Sygnum’s global institutional client-base gains access “to extended fiat payment capabilities and even more robust and resilient payment rails”
Direct access to BNY’s established liquidity and global infrastructure scales Sygnum’s transaction volumes and “provides additional resilience in periods of high transaction throughput.”
Martin Jost, Sygnum Chief Operating Officer said that the new relationship between Sygnum Bank and BNY, “a systemically important global bank, is further confirmation of the digital asset industry’s regulatory maturity and the accelerating merge between the traditional and digital asset economies.”
Jost added that they are pleased to “work with BNY who shares their belief that the future has heritage, and that traditional values of transparency and integrity are essential ingredients to sustainable innovation and resilience in regulated capital markets.”
As noted in the update, Sygnum is a global digital asset banking group.
They aim to enable professional and institutional investors, banks, corporates and DLT foundations “to invest in digital assets.”
Their team says that it enables this through their “institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.”
In Switzerland, Sygnum holds a banking license and reportedly has “CMS and Major Payment Institution licences in Singapore.”
The group is also reportedly being regulated in the “financial hubs of Abu Dhabi and Luxembourg and is registered in Liechtenstein.”
Their crypto-native team of banking, investment and digital asset technology professionals are building a gateway between “the traditional and digital asset economies that we call Future Finance.”