Sygnum CSO Says Institutions Want Interoperability Across Tokenized Deposits, Stablecoins, and Tokenized Funds

Institutional clients are increasingly seeking a single infrastructure that can connect tokenized deposits, regulated stablecoins, and tokenized money market funds, rather than waiting for one stablecoin to dominate, Sygnum Chief Strategy Officer Thomas Eichenberger said Thursday. According to ChainCatcher, he said this interoperability would allow treasury teams to switch between permissioned settlement, 24/7 cross-border transfers, and on-demand liquidity yield. Eichenberger added that while many institutional discussions still assume private blockchains, operators are moving toward a “public but permissioned” approach, using public infrastructure with regulated access controls. Sygnum has participated this year in a Swiss franc stablecoin testing initiative alongside several Swiss banking institutions, including UBS, PostFinance, Raiffeisen, and Zurcher Kantonalbank. Separately, the Qivalis alliance, made up of 37 large EU banks, plans to launch a digital euro by the end of this year. The move was described as a direct challenge to European Central Bank President Lagarde’s stance that central banks should lead digital currency issuance.