Swiss bank BancaStato launches Bitcoin, ETH, SOL trading with Sygnum

Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading through a new integration with Sygnum and banking technology provider Avaloq. Summary BancaStato clients can now trade Bitcoin, Ethereum, Litecoin and Solana directly through existing banking applications. Sygnum provides regulated trading and institutional custody while Avaloq keeps digital and traditional assets together. The integration makes BancaStato the first Avaloq SaaS bank to offer API-based crypto trading services. Clients can now buy, hold and sell Bitcoin, Ethereum, Litecoin and Solana from the bank’s existing web and mobile applications. The service connects Sygnum’s business-to-business digital asset infrastructure directly with BancaStato’s Avaloq core banking environment. Sygnum handles crypto execution and custody, while BancaStato keeps the customer experience inside its current banking channels. The launch makes BancaStato the first bank using Avaloq’s software-as-a-service environment to offer Sygnum-powered crypto trading through an API. BancaStato adds four cryptocurrencies to banking apps At launch, BancaStato customers can trade Bitcoin, Ethereum, Litecoin and Solana. They can plac...