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Sygnum Bank: Launches digital CHF token | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Sygnum Bank: Launches digital CHF token

By Laura M

March 27, 2020

Sygnum Bank: Launches digital CHF token

Sygnum is the world’s first digital asset bank. With its Swiss banking and securities dealer licence
CHF pegged settlement token the first issued by a regulated Swiss bank with a full digital asset banking suite
Sygnum’s DCHF is a key component for leveraging the advantages of DLT-based financial infrastructure
The settlement token framework and technology developed for Sygnum’s DCHF replicated with other major national currencies
Settlement tokens also called stablecoins, are digital assets that can be pegged against any national currency
The Sygnum DCHF acts as bridge between other digital assets and fiat currencies, increasing transaction ease

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