Crypto bank Sygnum has announced the launch of Sygnum Connect, a 24/7 multi-class instant settlement network that aims to meet demand for a product that provides capital efficiency and on-demand liquidity to grow the digital asset ecosystem. 😮💼

The network will facilitate settlement of transactions involving fiat, digital assets and stablecoins for institutional investors, liquidity providers, stablecoin issuers, brokers and exchanges.

Network users will have access to payments in USD, EUR, CHF and SGD, and payments for various digital assets including BTC, ETH and stablecoins will be included later this year.

Sygnum recently partnered with Fidelity International and decentralized computing platform Chainlink to co-create a project aimed at bringing net asset value (NAV) data to the blockchain. This partnership will improve the transparency and accessibility of NAV data associated with tokenized assets.