BancaStato Becomes Latest Swiss Bank to Launch Regulated Crypto Trading

Swiss bank BancaStato has become the latest institution to launch regulated cryptocurrency trading services, partnering with digital asset bank Sygnum and banking software provider Avaloq.

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

BancaStato joins over 25 financial institutions using Sygnum's B2B platform to offer regulated digital asset services, with Sygnum's CEO saying that the launch marks a 'significant step in the maturity and scalability of regulated digital asset infrastructure.'

The setup removes the need for a separate order management system, which the companies said reduces operational complexity and makes it easier to add new features.