BancaStato Launches Regulated Crypto Trading with Sygnum

BancaStato integrates Bitcoin, Ethereum, and Solana trading for clients with $15.2B in deposits via Sygnum and Avaloq's cloud infrastructure.

This move establishes the institution as the latest traditional bank to integrate regulated digital asset trading, as interest in cryptocurrencies among European financial institutions continues to grow.

Cryptocurrencies Join Traditional Banking

BancaStato announced that its clients can now buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Solana (SOL) directly through its digital banking platform, eliminating the need for external crypto exchanges or specialized apps.

The new service provides depositors, who hold over $15.2 billion in total deposits, with access to the digital asset market within the existing banking ecosystem. Users can leverage familiar identification mechanisms, risk management protocols, and fund protection standards.

The decision reflects a broader trend among European banks to integrate cryptocurrencies as a standard investment service rather than treating them as a separate or fringe asset class.

Sygnum Provides Regulated Infrastructure

To implement the service, BancaStato partnered with Sygnum, a leading bank specializing in crypto assets.

Sygnum provides both the trade execution infrastructure and institutional-grade storage through off-balance-sheet custody. This allows BancaStato to offer crypto services without having to build its own complex technological infrastructure or custody systems from scratch.

According to the company, the integration utilizes a direct connection between Sygnum’s platform and BancaStato’s banking system, automating order execution and reducing operational complexity.

First Integration in Avaloq’s Cloud Environment

BancaStato is the first bank operating within Avaloq’s cloud-based Software-as-a-Service (SaaS) environment to introduce crypto services via direct API integration with Sygnum.

This technological solution removes the requirement for a separate order management system, allowing trading to be integrated directly into the core banking infrastructure.

Beyond simplifying processes, this model enables the bank to apply its own risk management policies and transaction controls without compromising on regulatory requirements.

Swiss Banks Accelerate Crypto Adoption

With this move, BancaStato joins a growing list of Swiss banks offering regulated access to cryptocurrencies. These include Zuger Kantonalbank and dozens of other financial institutions utilizing Sygnum’s infrastructure.

The trend suggests that crypto services are becoming a standard part of banking, particularly in Switzerland, which continues to solidify its position as a global hub for digital assets.

Notably, the most active users of such services are not speculative investors, but professionals aged 30 to 50 who are shifting a portion of their liquid assets into regulated digital asset investment products.

MiCA Accelerates Institutional Acceptance

The news follows Sygnum Europe receiving a Crypto Asset Service Provider (CASP) license under the European Markets in Crypto-Assets (MiCA) regulation through Liechtenstein.

This regulatory approval allows the company to expand its services across the European Economic Area and supports banks’ efforts to offer crypto assets within a unified regulatory framework.

The combination of banking infrastructure, institutional custody, and MiCA regulation is gradually lowering barriers for traditional financial institutions. This makes the integration of digital assets into daily banking an increasingly likely scenario for European banks in the coming years.

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