Sygnum says banking rails are moving past the 'stablecoin winner' narrative

Digital asset bank Sygnum said banks are shifting away from a single “stablecoin winner” and toward platforms where stablecoins, tokenized bank deposits and tokenized money market funds operate interchangeably to meet institutional demand. In comments to CoinDesk, Sygnum chief strategy officer and deputy group CEO Thomas Eichenberger said clients want these instruments combined and interoperable under a trusted regulatory framework, and sees “public-yet-permissioned” infrastructure as the likely convergence. Sygnum has tested Ethereum-based institutional payments with UBS and PostFinance and joined a Swiss franc-backed (CHF) stablecoin testing program with UBS, PostFinance and other Swiss banks.