BancaStato Launches Regulated Crypto Trading with Sygnum and Avaloq Partnership

Swiss bank BancaStato has launched regulated cryptocurrency trading services in partnership with Sygnum and Avaloq. The integration allows BancaStato's customers to buy, sell, and hold four cryptocurrencies - Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Solana (SOL) - through the bank's existing web and mobile banking apps.

The setup connects Sygnum's application programming interface directly to Avaloq's platform, eliminating the need for a separate order management system. According to Fritz Jost, Sygnum's chief B2B officer, this integration marks a significant step in the maturity and scalability of regulated digital asset infrastructure.

BancaStato is the first bank using Avaloq's software-as-a-service platform to offer crypto trading services through its e-banking platforms. Sygnum's banking partners include Societe Generale-FORGE, PostFinance, and VZ Depotbank.