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
