Sygnum Bank has established a groundbreaking partnership with BNY Mellon, marking a significant milestone as the first European digital bank to integrate USD settlement services with a major global financial institution. This collaboration aims to enhance the operational capabilities of institutional clients by bridging the gap between traditional finance and blockchain technology.
Through this strategic alliance, Sygnum will leverage BNY Mellon”s established payment infrastructure, allowing for seamless integration of blockchain-native operations. This integration empowers institutional clients with streamlined access to both fiat and digital asset settlement capabilities.
The partnership enhances Sygnum”s offerings, which include institutional-grade digital asset services such as tokenization, custody, staking, and trading. With BNY Mellon”s liquidity and global infrastructure, clients can efficiently manage cross-border payments related to crypto and tokenized assets, significantly reducing transaction times while ensuring reliable settlements during peak activity periods.
Martin Jost, COO of Sygnum, commented on the partnership, stating, “This collaboration underscores the increasing convergence of blockchain and traditional finance. By linking digital assets with regulated financial systems, we are establishing a new standard for secure and efficient settlement for institutional investors.”
Carl Slabicki, Executive Platform Owner at BNY Mellon, emphasized the importance of this development, saying, “Expanding our USD clearing capabilities into the blockchain ecosystem through Sygnum facilitates faster and more transparent cross-border transactions for our professional clients.”
This partnership not only showcases the growing regulatory maturity within the digital asset sector but also positions Sygnum as a pivotal player in connecting blockchain ecosystems with traditional finance. By merging BNY Mellon”s robust payment networks with Sygnum”s crypto-first infrastructure, institutional clients gain scalable and compliant access to tokenized assets, thereby enhancing liquidity management and operational efficiency across various jurisdictions.
Moreover, Sygnum has recently solidified its market position by completing an oversubscribed Strategic Growth Round, raising $58 million and elevating its valuation to over $1 billion, officially designating it as a crypto “unicorn.” This funding round, announced on January 14, was led by Bitcoin-focused venture capital firm Fulgur Ventures, attracting strong interest from both new and existing investors as well as Sygnum”s team members.
As the cryptocurrency landscape continues to evolve, this partnership sets a precedent for the integration of blockchain technologies in regulated financial systems, offering a model for future collaborations between traditional financial institutions and next-generation digital asset solutions.
