Swiss bank BancaStato launches regulated crypto trading with Sygnum

Swiss bank BancaStato has launched regulated cryptocurrency trading using digital asset bank Sygnum and banking software provider Avaloq.BancaStato, the cantonal bank serving Switzerland’s Italian-speaking Ticino region, joined Sygnum’s business-to-business (B2B) banking platform to offer crypto asset services, according to a Thursday announcement shared with Cointelegraph.The integration allows BancaStato customers to buy, sell and hold four crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Solana (SOL), through the bank’s existing web and mobile banking apps.BancaStato joins more than 25 financial institutions using Sygnum’s B2B platform to offer regulated digital asset services.How BancaStato’s crypto service worksBancaStato integrated Sygnum’s trading and custody services into its existing Avaloq banking system.Headquartered in Zurich, Avaloq develops the software banks use to run their core banking and digital banking services. The integration connects Sygnum’s application programming interface (API) directly to Avaloq’s platform, allowing customers to access crypto trading from their existing banking app.The setup also removes the need for a separate ord...