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Signature Bank added $10 billion in deposits in the third quarter, which included “notable contributions” from its digital assets service.
- Deposits for the New York-based bank grew to a total of $95.57 billion, the company announced Tuesday.
- Signature did not specifically report how much of the growth was due to digital asset deposits, but described the “notable contributions” to the increase from its digital assets banking team.
- The contribution included its Ethereum-based digital payments platform Signet, the first such platform approved approved for use by the New York State Department of Financial Services.
Read more: Signature Bank Taps Tether Rival TrueUSD for Payments Platform