- BancaStato integrates Sygnum’s B2B platform into its core banking system to unlock crypto trading features across its Avaloq web and mobile banking apps.
- The feature offers convenience for clients looking to manage their crypto assets together with their cash and securities portfolio.
- It also greatly mitigates risks often associated with trading, managing, and storing crypto assets across fragmented third-party platforms.
BancaStato, a Swiss cantonal bank in Ticino, has linked up with Sygnum Bank, the world’s first regulated digital asset bank. The move expands BancaStato’s services for customers to include crypto trading within its regulated banking environment.
BancaStato Connects with Sygnum’s B2B Platform for Crypto Trading
Sygnum and BancaStato announced their major milestone on Thursday. The Ticino-based institution’s core banking system and digital banking channels are powered by Avaloq, a Swiss banking and wealth management software suite, under a Software-as-a-Service (SaaS) model.
By plugging into Sygnum’s B2B (Business-to-Business) platform, BancaStato opens access to crypto trading for clients within its regulated banking rails. It allows them to trade Bitcoin (BTC) and altcoins within the same Avaloq web and mobile banking apps they use for online banking and trading traditional stocks and securities.
The service only supports Bitcoin and altcoins Ethereum (ETH), Solana (SOL), and Litecoin (LTC) at launch, with plans to extend its coverage to more crypto assets in the future. Users can place market orders by asset quantity or USD cash value without needing external wallets or third-party exchanges.
What It Means for Customers
BancaStato processes crypto trading orders through Sygnum’s B2B application programming interface (API), which is integrated into its Avaloq-powered infrastructure. The feature provides extra convenience for clients as they can view, manage, or trade crypto assets together with their stock, securities, and cash portfolios within a single unified interface. Meanwhile, staying within their bank’s regulated ecosystem eliminates the operational friction and counterparty risks associated with managing external wallets, storing private keys, or relying on unregulated third-party exchanges.
Additionally, the model no longer requires a separate Order Management System (OMS) because Sygnum’s API leads the flow directly to its trading desk. The setup significantly mitigates operational costs and infrastructural complexity. Likewise, it aligns the order routing, execution parameters, and risk protocols with BancaStato’s internal policies.
Moreover, BancaStato has tapped into Sygnum’s institutional-grade multi-layer custody solution to safeguard customer assets. Besides users no longer worrying about the secure storage of their crypto holdings, it also offers protection for them in the event of their bank’s insolvency.
What It Means for Sygnum
Fritz Jost, Sygnum Chief B2B Officer, highlighted that BancaStato’s inclusion in their fast-growing B2B network is an indication of the growing demand for their bank’s regulated, API-driven digital asset capabilities that can plug in seamlessly with core banking services. Furthermore, he sees the milestone as another illustration of crypto market maturation as it scales into mainstream finance.
“We are proud to welcome BancaStato to our fast-growing B2B network, which illustrates the growing demand for Sygnum’s regulated, API-driven digital asset services that integrate directly into existing core banking systems,” said Jost. “BancaStato, becoming the first bank on Avaloq’s SaaS environment to enable clients to buy, hold and sell crypto via API with Sygnum directly from within its e-banking platforms, marks a significant step in the maturity and scalability of regulated digital asset infrastructure.”
