BNY, the oldest bank in America, with over 57.8 trillion dollars in assets under custody, has announced a strategic partnership with Sygnum, the first regulated European bank for digital assets.
The objective is to redefine the clearing and settlement infrastructure in fiat currency for the digital asset economy, marking a decisive step towards the integration between traditional and digital finance.
This partnership comes at a crucial time, just as U.S. authorities are formally paving the way for American banks to facilitate cryptocurrency transactions for their clients.
An unequivocal signal that digital assets, tokenized dollars, and banking settlement systems are rapidly converging towards an integrated ecosystem.
Sygnum: the first European digital bank to collaborate with BNY
Sygnum stands out as the first European digital bank to work with BNY for dollar settlement services. Thanks to this collaboration, Sygnum’s institutional clientele will benefit from extended fiat payment capabilities and an even more robust and resilient payment network.
Direct access to liquidity and the global infrastructure of BNY allows Sygnum to increase transaction volumes and ensure greater robustness, especially during periods of intense transactional traffic.
Martin Jost, Chief Operating Officer of Sygnum, emphasizes:
“This initiative further strengthens Sygnum’s global scale and operational efficiency. The new relationship between Sygnum Bank and BNY, a globally systemically important bank, confirms the regulatory maturity of the digital asset industry and the acceleration of the convergence between traditional and digital economies. We are proud to collaborate with BNY, which shares our belief that the future has solid roots and that values such as trust, transparency, and integrity are fundamental for sustainable innovation in regulated markets.”
A More Efficient and Resilient Payment Infrastructure
Advantages for Institutional Clients
The collaboration between Sygnum and BNY offers numerous advantages to institutional clients. The extension of fiat currency payment capabilities and direct access to BNY’s liquidity enable Sygnum to handle higher transaction volumes, while ensuring greater resilience during peak periods.
This translates into a more scalable platform and enhanced security in operations, essential elements for those operating in highly volatile markets such as digital assets.
Enhancing Scalability and Reliability
The integration with BNY’s global infrastructure allows Sygnum to strengthen its presence across multiple markets, enhancing the platform’s scalability and its ability to handle large transaction volumes.
This represents a significant step forward for the digital bank, enabling it to offer its clients an even more efficient and reliable service, even during periods of high demand.
The Regulatory Maturity of Digital Assets
The collaboration between Sygnum and BNY also confirms the growing regulatory maturity of the digital asset industry. The integration between traditional and digital finance is no longer just a future prospect, but a reality that is rapidly materializing.
Leading financial institutions recognize the importance of values such as transparency, trust, and integrity, elements that are becoming increasingly central in the world of digital assets.
Carl Slabicki, Executive Platform Owner, Global Payments & Trade at BNY, states: “As market infrastructure advances, our goal remains to seamlessly connect digital and traditional ecosystems, providing reliable, resilient, and transparent capabilities, including payments, to institutions worldwide.”
Extending our established USD clearing capabilities to the digital asset segment through Sygnum Bank supports more efficient cross-border flows for clients.”
Sygnum: a global digital bank with solid roots
Founded on a dual Swiss and Singaporean heritage, Sygnum has established itself as a global banking group for digital assets. The bank offers wealth management services, tokenization, and B2B solutions, catering to institutional investors, banks, corporations, and DLT foundations.
In Switzerland, Sygnum holds a banking license, while in Singapore it possesses CMS and Major Payment Institution licenses. The group is also regulated in financial hubs such as Abu Dhabi, Luxembourg, and Liechtenstein.
The Sygnum team, comprised of professionals skilled in banking, investments, and digital asset technology, aims to build a reliable bridge between traditional and digital economies, in what it defines as “Future Finance”.
BNY: Over Two Centuries of Innovation and Trust
BNY boasts a history of over 240 years serving global finance. The bank manages, moves, and safeguards capital for clients worldwide, including over 90% of Fortune 100 companies and nearly all major global banks.
BNY supports governments, pension funds, and millions of individuals in managing and safeguarding investments. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
Based in New York, BNY is recognized among the most admired companies in the world and as one of the best workplaces for innovators. Its reputation is built on a long tradition of trust, innovation, and leadership in the financial sector.
An increasingly integrated future between traditional and digital finance
The partnership between BNY and Sygnum represents a crucial step towards creating a global financial infrastructure capable of efficiently and securely integrating traditional and digital finance.
The acceleration of convergence between these two worlds opens new opportunities for institutions, investors, and companies, offering increasingly advanced, resilient, and transparent payment and settlement services.
In a context where the regulation of digital assets is becoming increasingly robust, initiatives like this confirm that the future of finance will be built on solid foundations of trust, transparency, and innovation.
Source: https://en.cryptonomist.ch/2025/12/11/bny-and-sygnum-a-new-alliance-to-revolutionize-digital-payments/
