Sygnum, a global digital asset banking group, announces it has launched its collaboration with BNY, a global financial services company, as one of its USD settlement providers. The collaboration, the first with a European digital asset bank in this area, 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 first European digital asset bank to work 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.
“This initiative further strengthens Sygnum’s global scale and operational efficiency”
says Martin Jost, Sygnum Chief Operating Officer.
“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. We are proud to work with BNY who shares our belief that the future has heritage, and that traditional values of trust, transparency and integrity are essential ingredients to sustainable innovation and resilience in regulated capital markets.”
“As market infrastructure advances, our focus remains on seamlessly connecting the digital and traditional ecosystems to deliver trusted, resilient and transparent capabilities, including payments, to institutions around the world”
says Carl Slabicki, Executive Platform Owner, Global Payments & Trade at BNY.
“Extending our established traditional USD clearing capabilities into the evolving digital asset segment via Sygnum Bank supports more efficient cross-border flows for clients.”
