Swiss bank BancaStato launches regulated crypto trading with Sygnum

Swiss cantonal bank BancaStato integrated Sygnum’s crypto trading and custody services into its Avaloq-powered digital banking apps for Bitcoin and other assets.

Swiss bank BancaStato has launched regulated cryptocurrency trading using digital asset bank Sygnum and banking software provider Avaloq.

BancaStato, the cantonal bank serving Switzerland’s Italian-speaking Ticino region, joined Sygnum’s business-to-business (B2B) banking platform to offer crypto asset services, according to a Thursday announcement shared with Cointelegraph.

The integration allows BancaStato customers to buy, sell and hold four crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Solana (SOL), through the bank’s existing web and mobile banking apps.

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