BancaStato integrates Sygnum crypto trading and custody
Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading and custody by joining Sygnum's business-to-business platform and connecting Sygnum's API directly into its Avaloq-powered web and mobile banking apps. Customers can buy, sell and hold four crypto assets — bitcoin, ether, litecoin and solana — through their existing bank interfaces. The integration removes the need for a separate order management system, which providers say reduces operational complexity and eases feature rollout. BancaStato is the first bank using Avaloq's software-as-a-service platform with Sygnum's API, and it joins more than 25 institutions using Sygnum's B2B services.
BancaStato customers can trade and custody four crypto assets in-bank.
Context
Sygnum has expanded its B2B banking platform and received a MiCA CASP license from Liechtenstein's FMA. BancaStato connected Sygnum's API to its Avaloq apps. Other banks could adopt similar integrations next.
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