Crypto bank Sygnum AG announced the launch of its 24/7 instant settlement network on Thursday.
- Called Sygnum Connect, the network settles fiat currencies, digital assets and stablecoin transactions, according to a statement from the Swiss firm
- Partners for Sygnum Connect include exchange AsiaNext, prime broker Hidden Road and liquidity provider B2C2
- Network members have access to instant USD, EUR, CHF and SGD fiat settlements, with settlements for digital assets like Bitcoin, Ether and stablecoins being added in Q3 2024
To contact the reporter on this story:
To contact the editors responsible for this story: ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.