July 11: Switzerland-based Sygnum Bank, describing itself as “a global digital asset banking group,” announced the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. According to a press release: “The network settles fiat, digital assets and stablecoin transactions for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges.” According to the team, “This multi-asset service effectively solves the T+1 synchronization problem for thousands of institutions. Instant settlement could significantly reduce counterparty risk and increase capital market efficiency. Sygnum has already onboarded 2,000+ institutional clients, including Revolut, Worldpay, BNP Paribas, BNY Mellon, EToro.”
Comments (No)