ChainCatcher news, according to official sources, cryptocurrency bank Sygnum has announced the launch of its 24/7 multi-asset instant settlement network Sygnum Connect.The network provides fiat, digital asset, and stablecoin trading settlement services for institutional investors, liquidity providers, stablecoin issuers, brokers, and specific trading platforms.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company BitGo has hired former Genesis executive Matthew Ballensweig to lead BitGo's newly launched instant settlement network, Go Network.It is reported that the network aims to allow hedge funds and other institutions to access trading liquidity across various exchanges without having to move their assets out of regulated custody. The network also offers instant settlement from USD to cryptocurrency, enabling asset exchanges without requiring either party to go first.