Dubai, UAE — Bybit has partnered with Sygnum Bank, a world digital asset banking neighborhood, to assemble institutional customers with stable, off-alternate custody during the Sygnum Defend platform.
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The collaboration combines Bybit’s deep liquidity and plentiful product vary with Swiss bank-grade asset protection. Purchasers can now store belongings off Bybit’s stability sheet at Sygnum while trading set and derivatives seamlessly on the alternate. Balances are mirrored without prolong and P&L is settled each eight hours, guaranteeing operational transparency and capital effectivity.
Institutional-Grade Security
Sygnum Defend is the very best bank-operated off-alternate custody platform, already integrated with exchanges masking more than 50% of global set and derivatives trading quantity. Bybit’s addition to this community strengthens its dedication to institutional-grade belief and resilience.
“Managing counterparty menace is required for institutional adoption. This partnership offers customers procure admission to to Bybit’s liquidity and products, while safeguarding their belongings with Swiss-regulated custody. Together, we are constructing a stable and transparent basis for institutional crypto trading.”
Yoyee Wang, Head of Bybit’s Enterprise-to-Enterprise Unit (BBU)
The platform comprises superior machine-hardware security, strict governance, and fair audits, alongside the upright protection of economic extinguish-some distance flung custody under Swiss banking law.
Expanding Bybit’s Custody Network
Bybit has already established custody partnerships with Fireblocks, Copper, and Cactus. The addition of Sygnum marks a milestone by introducing regulated, bank-grade custody into its ecosystem.
“Sygnum Bank is committed to working with leading exchanges to toughen market resilience. The hasty adoption of Sygnum Defend by customers on Binance, Deribit, and now Bybit highlights the urgent inquire of for stable, off-alternate custody solutions.”
Dominic Lohberger, Chief Product Officer at Sygnum
Attempting Ahead
As phase of the roadmap, Sygnum Defend will introduce automatic collateral transfers between exchanges to extra enhance capital effectivity for institutions.
For Bybit, the partnership reinforces its mission to originate a stable and transparent trading atmosphere, equipping institutional investors with the infrastructure wished to thrive within the digital asset economy.
