Signature Bank Unveils Proprietary Digital Payments Platform, Signet

Paul, Weiss is advising New York-based full-service commercial bank Signature Bank in the development of its new blockchain-based digital payments platform, Signet. The platform, designed to enable real-time payments for its commercial clients, is a partnership between Signature and trueDigital Holdings, LLC, a New York-based exchange and settlement technology company. The platform will be open to all commercial clients as of January 1, 2019.

The Paul, Weiss team includes corporate partner Raphael Russo; and intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor.