Sygnum Bank Teams Up with BNY Mellon to Strengthen Blockchain-Linked USD Settlements

Source: DefiPlanet Original Title: Sygnum Bank Teams Up with BNY Mellon to Strengthen Blockchain-Linked USD Settlements Original Link:

Quick Breakdown

• Sygnum becomes the first European digital bank to integrate USD settlements with BNY Mellon.
• Partnership bridges traditional finance and blockchain, enhancing institutional crypto operations.
• Clients gain faster, compliant cross-border payments and access to tokenized asset settlement rails.

Sygnum Bank has announced a strategic partnership with BNY Mellon to provide USD settlement services, marking the first-of-its-kind collaboration between a European digital bank and a global financial institution. The partnership enables Sygnum to integrate blockchain-native operations with BNY’s established payment infrastructure, providing institutional clients with seamless access to both fiat and digital asset settlement capabilities.

Bridging traditional finance and blockchain

Through this initiative, Sygnum can extend its institutional-grade digital asset services, including tokenization, custody, staking, and trading, while leveraging BNY Mellon’s liquidity and global infrastructure. The integration allows clients to efficiently manage cross-border payments for crypto and tokenized assets, reduce transaction times, and maintain settlement reliability even during periods of high-volume activity.

“This partnership highlights the growing convergence of blockchain and traditional finance,” said Martin Jost, COO of Sygnum.

“By connecting digital assets with regulated financial rails, we are enabling a new standard of secure and efficient settlement for institutional investors.”

Carl Slabicki, Executive Platform Owner at BNY, added:

“Extending our USD clearing capabilities into the blockchain ecosystem via Sygnum supports faster, more transparent cross-border flows for professional clients.”

Accelerating institutional crypto adoption

The collaboration demonstrates increasing regulatory maturity in the digital asset sector and underscores Sygnum’s role as a bridge between blockchain ecosystems and traditional finance. By combining BNY’s robust payment networks with Sygnum’s crypto-first infrastructure, institutional clients gain scalable, compliant access to tokenized assets, enhancing liquidity management and operational efficiency across multiple jurisdictions.

This move positions Sygnum and BNY at the forefront of institutional crypto adoption, signalling a growing integration of blockchain technologies into regulated financial systems and offering a model for bridging traditional finance with next-generation digital asset solutions.

Further reinforcing its market position, Sygnum completed an oversubscribed $58 million Strategic Growth Round, lifting its valuation to over $1 billion and officially making it a crypto “unicorn.” The round, announced on January 14, was led by Bitcoin-focused venture capital firm Fulgur Ventures, with strong participation from new and existing investors, as well as Sygnum’s team members.