Signature Bank (SBNY) climbs 3.5% in premarket trading after JPMorgan adds the stock to its Focus List; the bank is in "prime position" to add new customers to its digital asset platform and boost volumes, writes analyst Steven Alexopoulos.With the formation of SBNY's digital asset banking team, its Signet platform, and an API introduced in June 2020, the bank stands to gain from the surging price in Bitcoin, he said."Signature grew deposits from these digital asset-related clients to double the size of its next closest competitor in this industry, Silvergate Bank, which had $5.0B in deposits from digital asset customers at YE20," he writes.Alexopolous calls Signet, blockchain-enabled real-time payments platform, a "critical tool" and says SBNY is now one of the players "in the first inning of banking the digital economy."Maintains Overweight rating.See SBNY total return exceed the S&P 500 since late January 2021 in chart below.SA contributor Brad Thomas dives into
