Bybit and Sygnum launch off-chain custody solutions to strengthen institutional crypto assets security

Odaily Planet Daily News Bybit today announced a strategic cooperation with Sygnum, a global digital asset banking group, to provide institutional customers with a secure, Swiss-regulated off-chain hosting service - the Sygnum Protect platform. Through this collaboration, Bybit combines its extensive product line with deep liquidity with Swiss bank-level compliant custody security, further strengthening its position as an institution’s trusted partner. With this solution, Bybit institutional clients can achieve off-balance sheet custody at Sygnum Bank while continuing to seamlessly trade spot and derivatives on Bybit. The asset balance will be synchronized on the exchange in real time, and the transaction profit and loss will be automatically settled every 8 hours, taking into account capital efficiency and operational transparency. Establishing a new institutional security standard Sygnum Protect is currently the world's largest bank-led off-chain custody platform, covering more than 50% of the world's spot and derivatives trading volume. Bybit’s addition demonstrates its commitment to provide the highest standards of security, resilience and trust for institutional investors. The platform integrates multiple security protections, including advanced management and control combining software and hardware, strict governance mechanisms, independent audits, and legal guarantees for "bankruptcy isolation" custody under the Swiss Banking Law. This compliance framework can provide institutional clients with robust asset security during times of market uncertainty. Expand Bybit's hosting ecosystem. Bybit has established a cooperative network with Fireblocks, Copper, Cactus and other leading global custodians to provide customers with flexible and diverse asset security solutions. The addition of Sygnum Bank is a new milestone in Bybit's custody strategy, officially introducing Swiss bank-level compliant off-chain custody into the Bybit ecosystem. Yoyee Wang, Head of Bybit Business Unit (BBU), said: “Crypto and stablecoin infrastructure are evolving, and managing counterparty risks is key to further entry in institutions. Partnering with Sygnum Bank not only gives customers direct access to Bybit’s industry-leading products and liquidity, but also ensures assets are custodialized by the Swiss Bank’s highest standards. We are creating a safe and transparent transaction basis for institutions.”