anca dello Stato del Cantone Ticino, or BancaStato, is entering cryptocurrency trading. The Ticino-based cantonal bank has integrated digital asset services from Swiss crypto bank Sygnum into its existing Avaloq banking infrastructure, the companies announced Thursday.
At launch, clients will be able to buy, hold and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Solana (SOL) directly through BancaStato’s existing web and mobile banking applications.
The setup means clients do not need to use a separate platform for their crypto investments and can view and manage traditional and digital assets within the same banking environment.
Sygnum Handles Trading and Custody
BancaStato has connected Sygnum’s application programming interface, or API, directly to its Avaloq core banking system and digital banking channels.
