BancaStato Brings Regulated Crypto Trading to Swiss Bank Customers

Swiss bank BancaStato has launched regulated cryptocurrency trading services in partnership 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.

The setup removes the need for a separate order management system, reducing operational complexity and making it easier to add new features. This is the first time a bank using Avaloq's software-as-a-service platform has let customers buy and sell crypto assets through its e-banking platforms using Sygnum's API.

Sygnum's chief B2B officer, Fritz Jost, said the launch marked 'a significant step in the maturity and scalability of regulated digital asset infrastructure.' Sygnum's banking partners include Societe Generale-FORGE, PostFinance, and VZ Depotbank.