Sygnum Launches Sygnum Connect, a Multi-Asset Instant Settlement Network
July 11 - Sygnum, the digital asset bank, announced the launch of Sygnum Connect, a 24/7 multi-asset instant settlement network offering free instant settlement services for fiat currencies, digital assets and stablecoins. Designed to increase capital efficiency and on-demand liquidity, the network serves professional and institutional participants in Sygnum's European and Asian markets.Sygnum Connect initial partners include AsiaNext, Hidden Road and B2C2, connecting more than 200 of Sygnum's high-volume institutional clients. Instant settlement in USD, EUR, CHF and SGD is available to network members, with plans to add settlement for a variety of digital assets such as Bitcoin, Ether and Stablecoin in Q3 2024. 1,800 of Fireblocks' institutional clients will be fully integrated into the Sygnum Connect network via its platform in Q3 2024, streamlining the settlement process for the different asset types. settlement process for different asset types.
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