Sygnum Bank launches stablecoin-based time deposit product
According to Sygnum, this is a yield-generating, tokenized investment option with a three-month term and an annual return of 0.75%. The DCHF is linked to the value of the Swiss franc. The token allows for on-chain management of digital assets without the use of intermediaries.
Sygnum intends to offer its consumers the ability to generate income using a risk-optimized product in a regulated environment through the DCHF fixed-term deposit. Customers can exchange Swiss francs for DCHF, using the integrated Sygnum account. Customers can use this to purchase, sell, and retain deposits, digital properties, and asset tokens.
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