Bancastato

Sygnum

2026-08-01 12:13:04

Sygnum connects regulated crypto services to Bancastato online banking for Swiss clients

Sygnum Bank has integrated its regulated cryptocurrency offering into Bancastato’s online banking system, opening access for customers in Switzerland’s canton of Ticino to trade and hold four digital assets without setting up a separate exchange account. Through Bancastato’s web and mobile channels, eligible clients can buy, sell, and hold BTC, ETH, LTC, and SOL. The move also makes Bancastato the first bank in an Avaloq software-as-a-service banking environment to offer cryptocurrency trading through Sygnum’s application programming interface. Clients can place market orders either by cryptocurrency amount or by U.S. dollar value. Sygnum handles trade execution, while Bancastato keeps control of the customer relationship, branding, and front-end experience. Sygnum said its B2B platform already provides trading, custody, compliance, and settlement infrastructure to more than 25 banks and international financial institutions. Named partners include Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum. According to Sygnum, those partnerships have extended regulated digital asset services to more than one-third of Switzerland’s population through existing banking relationships.

1990

BancaStato

2026-07-24 11:25:09

BancaStato rolls out Bitcoin trading for retail clients

BancaStato, the state bank of Ticino, has launched Bitcoin trading for retail clients, according to a post by Bitcoin News on X. The service marks an expansion of crypto access for the bank’s retail user base. Bitcoin News said BancaStato is working with Signum, which is providing the custody and settlement infrastructure behind the offering. No additional details on product scope, timing, or supported features were disclosed in the source item. The update was cited by Odaily in a brief market-focused newsflash.

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Switzerland

2026-07-23 06:00:00

Swiss cantonal bank BancaStato adds bitcoin trading through Sygnum and Avaloq

BancaStato, the cantonal bank of Ticino in southern Switzerland, has launched regulated crypto trading that lets clients buy, hold and sell bitcoin through the bank’s existing web and mobile banking apps, according to Sygnum. The setup connects Sygnum’s API with BancaStato’s Avaloq core banking system and digital channels, keeping crypto trading inside the same interface customers already use for conventional banking services. At launch, clients can place market orders in bitcoin and other cryptocurrencies either by quantity or by U.S. dollar value. The structure also keeps customer holdings in Sygnum custody rather than on BancaStato’s balance sheet. Sygnum said assets are held in an institutional-grade, multi-layer custody arrangement supported by hardware and software controls, governance processes and independent external audits. The company added that client assets are held off-balance sheet in line with regulatory and legal requirements, a design intended to separate them from creditor claims if a bank enters bankruptcy. BancaStato is also described as the first bank in Avaloq’s SaaS environment to enable clients to buy, hold and sell crypto directly within its e-banking platforms via an API connection with Sygnum. The launch extends a wider Swiss banking trend, with other institutions including Zürcher Kantonalbank and St. Galler Kantonalbank already offering bitcoin-related services.

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