Swiss cantonal bank BancaStato has introduced regulated cryptocurrency trading through a new setup built with digital asset bank Sygnum and banking technology provider Avaloq. The launch adds crypto dealing to the bank’s existing digital channels, allowing clients to access the service from the same web and mobile applications they already use for banking and investments.
Launch and available assets
At launch, BancaStato customers can trade four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Solana. The bank said clients can buy, hold and sell those assets directly through its established platforms rather than through a separate crypto interface.
Orders can be entered either by specifying a cryptocurrency amount or by setting the U.S. dollar value of the trade. The offering is framed as a regulated service integrated into the bank’s standard customer experience.
How the setup works
The new service links Sygnum’s business-to-business digital asset infrastructure with BancaStato’s Avaloq core banking environment. Under that arrangement, Sygnum provides trade execution and institutional-grade custody for the crypto assets, while BancaStato keeps the client-facing experience within its own channels.
Avaloq’s role is to keep digital assets and traditional holdings within the same core banking setup. That means the crypto service sits alongside more conventional banking and investment functions rather than being handled as a stand-alone external product.
According to the source article, the integration makes BancaStato the first bank operating on Avaloq’s software-as-a-service environment to offer API-based crypto trading powered by Sygnum.
Broader strategy
BancaStato said it plans to use Sygnum’s crypto banking infrastructure to expand its investment-services offering. The source article did not provide a timeline or additional details on what further products may be added.
The launch also comes as Sygnum expands its regulated footprint in Europe. The company has moved into operation under a Crypto-Asset Service Provider license in Liechtenstein under the European Union’s Markets in Crypto-Assets Regulation, a framework that the article said enables Sygnum to provide digital asset infrastructure for banks and other clients across the EU and EEA.
Context
The rollout illustrates how some banks are adding digital-asset access without shifting customers away from their existing banking applications. In this case, BancaStato is combining its own front-end channels with Sygnum’s execution and custody services and Avaloq’s core banking system, positioning the crypto offer as part of the bank’s broader investment platform.
Source: crypto.news