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, among others, corporate partner Raphael Russo; and intellectual property partner Claudine Meredith-Goujon.