Signet, a real-time payments platform popular with Signature Bank’s institutional crypto clients, will continue to operate after state regulators shuttered Signature Bank on Sunday to “protect depositors,” a source told CoinDesk. Signature Bank’s assets were transferred to Signature Bridge Bank – a new interim entity that will be temporarily run by the Federal Deposit Insurance Corporation (FDIC). Signet was launched on Jan. 1, 2019, as a proprietary blockchain-based digital payments platform. The service was integrated with digital asset custodian Fireblocks in 2020 to facilitate the secure movement, storage and issuance of digital assets. (Coindesk)
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