Bybit and Sygnum cooperate to launch off-chain custody solutions to strengthen institutional crypto assets security
Source: ForesightNews
Time: 2025-09-09 18:08:45
Bybit 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.