Nubank has partnered with Sygnum to expand its international offering. Nubank is the largest digital bank in Latin America, with more than 140 million customers across Brazil, Mexico and Colombia.
Sygnum’s B2B platform provides crypto and banking services powering the launch of Nu Global, a new multi-currency, high-yield account with fast and free money transfers available across 35+ countries.
With Sygnum infrastructure integrated into Nu Global systems, Nu delivers regulated digital asset services to its clients in Switzerland and international markets.
This partnership combines Nu’s international growth ambitions with Sygnum’s proven digital asset banking infrastructure, and it enables Nu Global customers to buy, hold and trade a selection of cryptocurrencies and stablecoins and move seamlessly between fiat and digital assets.
Sygnum provides a bank guarantee to cover Nu Global customer assets, in accordance with the Swiss regulatory framework. Nu Global’s assets are safeguarded through Sygnum’s institutional-grade, multi-layer custody solution, combining security controls with rigorous governance processes and independent external audits.
Nu Global is a product offered by Nu Global AG, a legal entity of Nu Holdings based in Switzerland, a leading global financial and banking hub with comprehensive legal and regulatory frameworks for digital assets. Switzerland offers established infrastructure, strong institutional trust and a central position in the heart of Europe.
Sygnum’s modular B2B platform, which enables regulated digital asset services for more than a third of the Swiss population, is set to become one of Europe’s largest regulated digital asset Bank-to-Bank networks by client reach in 2027. Scalable APIs and secure integrations are engineered to support operations at the Nu Global scale, enabling a comprehensive range of products and services.
“Nu Global’s decision to partner with Sygnum is a powerful endorsement of our B2B platform and its ability to support digital asset services at global scale”, says Fritz Jost, Sygnum Chief B2B Officer.
“Together, we are combining Nu’s customer-centric approach and international reach with Sygnum’s regulated banking infrastructure, institutional-grade custody, and deep digital asset expertise. We are excited to accelerate the adoption of digital assets through a secure, trusted, and fully regulated banking environment.”
“We are proud to partner with Sygnum as we build Nu’s international offering,” says Thomaz Fortes, GM of Nu Global AG.
“Nu Global’s launch marks an important next step in introducing our customer-first approach to new audiences, as it brings the award-winning, globally recognized Nu experience into international money management.”
Read Also: This is the First U.S.-Chartered Depository Bank to Offer Stablecoin Invoicing
Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.