April 23, 2020 Crypto banking firms Signature Bank and Prime Trust have partnered on real-time digital asset trade settlement project.

Signature Bank’s Signet payments platform will be integrated with Prime Trust’s multi-asset settlement platform, reportedly allowing clients of either firm transact instantaneously and directly without the need for third parties. Having been granted a BitLicense from NYDFS in 2018, the Signet platform is available for use only by institutional investors with minimum account balances of $250,000. Signature Bank and Prime Trust’s joint venture will also be marketed only to institutional investors.