BancaStato, a government-owned Swiss bank with approximately $24.2 billion in assets, has added regulated Solana trading directly to its existing banking applications.
Customers can now buy, hold and sell SOL through BancaStato’s web and mobile banking platforms following an integration with Sygnum Bank and core banking provider Avaloq. Bitcoin, Ethereum and Litecoin are also supported at launch.
The integration connects Sygnum’s digital asset infrastructure directly with BancaStato’s existing Avaloq core banking system. Trades are executed through Sygnum’s B2B API, while customer digital assets are held through Sygnum’s institutional custody infrastructure.
“We are proud to welcome BancaStato to our fast-growing B2B network, which illustrates the growing demand for Sygnum’s regulated, API-driven digital asset services that integrate directly into existing core banking systems”, says Fritz Jost, Sygnum Chief B2B Officer. “BancaStato, becoming the first bank on Avaloq’s SaaS environment to enable clients to buy, hold and sell crypto via API with Sygnum directly from within its e-banking platforms, marks a significant step in the maturity and scalability of regulated digital asset infrastructure.”
BancaStato, formally Banca dello Stato del Cantone Ticino, was founded in 1915 and is owned by the Swiss canton of Ticino. The launch makes it the first bank operating on Avaloq’s SaaS environment to enable customers to buy, hold and sell crypto through Sygnum directly from its e-banking platforms.
The bank joins more than 25 banks and international financial institutions using Sygnum’s B2B platform, extending regulated access to SOL through another traditional banking channel.
