The New York-based commercial bank has created a payments solution that is powered by a permissioned version of the Ethereum blockchain.
Signature Bank, a New York-based full-service commercial bank, has partnered with trueDigital Holdings, LLC, a New York-based global financial technology firm, to launch a new digital payments platform.
The new platform is dubbed “Signet” and will enable real-time payments for commercial and asset management clients of the bank.
The platform leverages a permissioned version of the Ethereum blockchain to allow institutional clients to make payments in U.S. dollars 24 hours a day,
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