NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced its appearance on Forbes’ Blockchain 50 List 2022, which tracks the use of blockchain technologies around the world. Signature Bank is one of seven companies (and one of two banks) to make the list every year since the inaugural ranking was published in Forbes in 2019. In the list released recently this year, Forbes dubbed these companies theseven magnificent.”
Signature Bank was the first FDIC-insured bank (along with its technology partner, Tassat) to launch a blockchain-based digital payment platform. His Bookmark™ enables the Bank’s business customers to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year. It was also the first to be approved by the New York State Department of Financial Services.
“We were at the forefront of banking technology when we started serving digital asset customers in 2018 and then when we launched Signet in 2019. We continue to advance and integrate technology into our banking offering. commercial banking services to help improve our customers’ businesses. . It is our foresight about the influence of technology on the banking industry as well as the progress we have made and our pioneering position that has continually been captured by Forbes since she introduced her Blockchain 50 list,” said Signature Bank President and CEO Joseph J. DePaolo.
About Signature Bank
Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 37 private client offices throughout the New York metropolitan area, as well as Connecticut, California and North Carolina. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.
The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.
Since commencing operations in May 2001, Signature Bank has grown to $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits as of year-end 2021, Signature Bank has placed 22n/a to S&P Global list of largest banks in the United States, based on deposits.
Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Bookmark™ enables business customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.
For more information, please visit https://www.signatureny.com.
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