Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading, allowing clients to buy, sell, and hold Bitcoin, Ether, Litecoin, and Solana through its existing digital banking apps. The service integrates Sygnum's trading and custody solutions with BancaStato's Avaloq core banking system.
The launch signifies a growing trend of traditional Swiss financial institutions offering regulated access to digital assets, enhancing accessibility for a broader client base and signaling increased institutional adoption of cryptocurrencies.
Swiss bank BancaStato has launched regulated cryptocurrency trading, allowing clients to buy, sell, and hold Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Solana (SOL) directly through its existing web and mobile banking applications. The service is enabled by integrating digital asset bank Sygnum's trading and custody solutions with BancaStato's Avaloq core banking system.
This integration connects Sygnum’s application programming interface (API) directly to Avaloq’s platform, allowing customers to access crypto trading from their existing banking app without needing a separate order management system. Sygnum's chief B2B officer, Fritz Jost, stated that BancaStato is the first bank using Avaloq’s software-as-a-service platform to offer these regulated digital asset services, marking a significant step in the maturity of digital asset infrastructure.
BancaStato, founded in 1915 and operating on the Avaloq platform, joins over 25 financial institutions on Sygnum’s B2B platform. Curzio De Gottardi, BancaStato's head of products and services, described the launch as an enhancement to the bank’s future-ready offerings. Client holdings are managed in Sygnum's institutional-grade custody solution, legally structured to remain separate from the bank's assets.