Swiss Cantonal Bank Launches Regulated Cryptocurrency Trading Service Through Sygnum
Svmuu News: The Swiss cantonal bank BancaStato has launched a regulated cryptocurrency trading service using systems provided by digital asset bank Sygnum and banking software provider Avaloq. The bank serves the Italian-speaking canton of Ticino in Switzerland. BancaStato has joined Sygnum’s business-to-business banking platform, integrating Sygnum’s trading and custody services into its existing Avaloq banking system. Customers can buy, sell, and hold Bitcoin, ETH, LTC, and SOL through the bank’s web and mobile banking apps. Sygnum’s B2B platform is already used by more than 25 financial institutions, with banking partners including Société Générale-FORGE, PostFinance, and VZ Depotbank. In late June, Sygnum announced that its Liechtenstein subsidiary, Sygnum Europe AG, had obtained a license as a crypto-asset service provider under the MiCA framework.
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