BancaStato Integrates Regulated Crypto Trading with Sygnum
Switzerland-based bank BancaStato has launched regulated cryptocurrency trading through its partnership with Sygnum. This move allows clients to buy, hold, and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Solana directly within the bank's existing Avaloq web and mobile banking channels.
The integration enables customers to place market orders using either cryptocurrency quantities or their preferred fiat value. Client digital assets remain safeguarded within Sygnum's regulated custody solution, rather than being held on BancaStato's balance sheet.
This partnership reflects growing institutional demand for regulated digital asset services integrated into existing banking systems, according to Sygnum Chief B2B Officer Fritz W. Jost.
Switzerland's position as a leading market for regulated digital asset banking services has been further strengthened by the launch.