Rivals Signature Bank and Prime Trust Team to Offer Instant Payments for Institutions
Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades.
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month.
Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team.
Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020.
Tokensoft has partnered with New York-based Signature Bank in a bid to make security tokens click for real estate investors.
Crypto-friendly Metropolitan Commercial Bank reported $25 million more in deposits from crypto customers in the first quarter of 2020.