Swiss cantonal lender Banca Stato Expanded product range by offering regulated cryptocurrency trading backed by digital asset expert for its clients We suck and core banking technology provider Avalok.
The collaboration allows account holders to purchase, hold and dispose of Bitcoin. EthereumYou can use Litecoin and Solana without leaving the bank’s familiar digital channels.
State Bank of the Canton of TicinoIt connected Sygnum’s application programming interface to Avaloq, which was founded in 1915 to support the economy of the Italian-speaking region of southern Switzerland. software as a service platform.
As a result, clients can now place market orders determined by the number of coins or cryptocurrency. WE-dollar amount – directly from within existing web and mobile banking applications.
Transactions flow through Sygnum’s business-to-business infrastructure, eliminating the need for a separate order management system.
This streamlined architecture reduces operational costs and complexity, while bank More flexibility to adjust features according to risk management policies.
Digital assets acquired by BancaStato customers are held in Sygnum’s multi-layered institutional custody arrangement.
The solution combines hardware and software protections, stringent internal management and independent external audits.
More importantly, assets It remains off the bank’s own balance sheet, providing an extra layer of protection should the institution face bankruptcy.
The Ticino-based lender became the first to run Avaloq’s SaaS environment and offer crypto trading through a direct Sygnum API connection.
It joins a growing list of more than twenty-five banks and financial firms currently using Sygnum. B2B Platform including other Swiss cantonal institutions.
Sygnum estimates that its partner network already enables around a third of the Swiss population to access digital assets through trusted traditional banks.
Executives from all three organizations emphasized the strategic value of integration.
Fritz JostSygnum’s Chief B2B Officer described the partnership as evidence of the growing demand for regulation, APIBased digital asset services that connect directly to established core banking systems.
Doctor Curzio De GottardiHead of Products and Services and Deputy Chief Executive Officer of BancaStato underlined the seamless combination of traditional technologies. investments strengthens the bank’s future offering with digital assets.
Christian HauxGeneral Manager of Avaloq Switzerland and Liechtenstein said the project demonstrates how tight technical integration helps banks quickly respond to changing customer expectations while keeping all services on a single platform.
Launch will take place shortly after Sygnum Europe It received a Crypto Asset Service Provider license from the Liechtenstein Financial Market Authority within the scope of the European Union Crypto Asset Markets Regulation.
This mandate positions Sygnum to support banks worldwide EU reduces time to market and regulatory burden with similar infrastructure.
By placing cryptocurrency trading In everyday banking applications, BancaStato provides its customers with a convenient, regulated gateway to digital assets, while to continue Security and compliance standards expected from the Swiss cantonal bank.
