BancaStato Launches Regulated Crypto Trading Via Sygnum, Avaloq
Swiss cantonal bankBancaStatonow offers regulated cryptocurrency trading through Sygnum’s B2B platform and Avaloq’s banking software. Customers can buy, sell, and holdBitcoin, Ether,Litecoin, and Solana. . .
Swiss cantonal bankBancaStatonow offers regulated cryptocurrency trading through Sygnum’s B2B platform and Avaloq’s banking software. Customers can buy, sell, and holdBitcoin, Ether,Litecoin, and Solana directly from the bank’s existing web and mobile apps. The integration eliminates the need for a separate order management system, reducing operational complexity. Sygnum’s Liechtenstein subsidiary recently obtained a MiCA CASP license, enabling European partner banks to plug into its infrastructure without building their own crypto operations. Swiss cantonal bankBancaStato, serving the Ticino region, has launched regulated cryptocurrency trading by integrating Sygnum’s digital asset platform with Avaloq’s core banking software. The announcement on Thursday confirmed that customers can now 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. - Advertisement -BancaStatojoins more than 25 financial institutions using Sygnum’s business-to-business (B2B) platform to offer regulated digital asset services. The integration connects Sygnum’s application programming interface (API) directly to Avaloq’s platform, removing the need for a separate order management system. “This marks a significant step in the maturity and scalability of regulated digital asset infrastructure,”said Fritz Jost, Sygnum’s chief B2B officer. He noted thatBancaStatois the first bank using Avaloq’s software-as-a-service platform to let customers handle crypto assets through its e-banking systems via Sygnum’s API. Sygnum’s banking partnersincludeSociete Generale-FORGE, PostFinance and VZ Depotbank. Meanwhile, SygnumEuropeAG, its Liechtenstein-based subsidiary, received a crypto-asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) regulation in late June. “European partner banks can plug into the same proven bank-to-bank infrastructure without going through the multi-year process of building and licensing their own crypto operations,”Jost added. The license allows Sygnum to provide regulated crypto services across the EU, while banks remain responsible for their own regulatory arrangements. - Advertisement -✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:Alphabet’s AI spending surge boosts Micron, memory stocks 2%+Coinbase’s ‘Everything Exchange’ Coming to CanadaTesla Earnings Preview: Capex, Margins, Robotaxi in FocusWorldcoin’s 100 Wallets Hold 90% of Supply: Grayscale FilingNew Linux bug grants root access via snap-confine flawStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.