Swiss Bank Sygnum Partners With Bybit to Safeguard Institutional Crypto Assets

The deal integrates Bybit’s exchange services with Sygnum’s Protect platform, allowing institutions to keep their digital assets off-balance sheet at the bank while continuing to trade spot and derivatives on Bybit. Asset balances are mirrored in real time, and profits and losses are automatically settled every eight hours.

This move, according to a press release shared with Coindoo, strengthens Bybit’s positioning as a secure trading venue for large investors, combining the exchange’s deep liquidity with the legal safeguards and governance standards of Switzerland’s banking framework.

Raising the Security Bar

Sygnum Protect has grown into the largest bank-operated off-exchange custody network, already covering venues that represent more than half of global spot and derivatives activity. Bybit now joins Binance and Deribit on the platform, further extending its institutional reach.

The system is built with multiple protective layers, from hardware-software security to independent audits, and assets are legally protected as bankruptcy-remote under Swiss law. For institutions wary of counterparty risk, this provides stronger assurances during volatile market conditions.

Expanding Custody Options

Bybit already works with custody partners such as Fireblocks, Copper, and Cactus. Adding Sygnum gives clients another layer of choice, while bringing bank-grade protections into the mix.

Yoyee Wang, head of Bybit’s business-to-business division, said the collaboration addresses one of the biggest hurdles in crypto adoption: risk management. “This partnership ensures that our clients can access Bybit’s products and liquidity while having their assets safeguarded at the highest standards of Swiss banking,” she explained.

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Sygnum’s chief product officer, Dominic Lohberger, added that demand for such services has accelerated. “The rapid adoption of Sygnum Protect shows the urgent need for bank-grade custody solutions. We’re pleased to welcome Bybit into this growing ecosystem.”

What’s Next

The roadmap for Sygnum Protect includes automated collateral transfers across exchanges, aimed at improving capital efficiency for institutional traders.

For Bybit, the tie-up represents another step toward building a transparent, secure, and institution-friendly environment at a time when demand for regulated custody solutions continues to rise.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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