Sygnum collaborates with BNY on USD settlement services
11 December 2025 Switzerland
Image: InfiniteFlow/stock.adobe.com
Digital asset banking group Sygnum has announced its collaboration with financial services company BNY as one of its US dollar settlement providers, becoming the first European digital asset bank to work with BNY in this area.
Sygnum’s institutional clientele is said to gain access to extended fiat payment capabilities, in addition to direct access to BNY’s established liquidity and global infrastructure, scaling the bank’s transaction volumes.
Martin Jost, Sygnum's chief operating officer, believes the “initiative further strengthens Sygnum’s global scale and operational efficiency,” and the collaboration is “further confirmation of the digital asset industry’s regulatory maturity and the accelerating merge between the traditional and digital asset economies”.
Commenting on the collaboration, executive platform owner, global payments and trade at BNY, Carl Slabicki, adds: “Extending our established traditional USD clearing capabilities into the evolving digital asset segment via Sygnum Bank supports more efficient cross-border flows for clients.”
Sygnum’s institutional clientele is said to gain access to extended fiat payment capabilities, in addition to direct access to BNY’s established liquidity and global infrastructure, scaling the bank’s transaction volumes.
Martin Jost, Sygnum's chief operating officer, believes the “initiative further strengthens Sygnum’s global scale and operational efficiency,” and the collaboration is “further confirmation of the digital asset industry’s regulatory maturity and the accelerating merge between the traditional and digital asset economies”.
Commenting on the collaboration, executive platform owner, global payments and trade at BNY, Carl Slabicki, adds: “Extending our established traditional USD clearing capabilities into the evolving digital asset segment via Sygnum Bank supports more efficient cross-border flows for clients.”
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