Odaily Planet Daily News: Bybit announced today that it has reached a strategic partnership with global digital asset banking group Sygnum to provide institutional clients with a secure, Swiss-regulated off-chain custody service - the Sygnum Protect platform.

Through this partnership, Bybit combines its extensive product line and deep liquidity with Swiss-grade compliant custody security, further solidifying its position as a trusted partner for institutions. This solution allows Bybit's institutional clients to secure off-balance sheet custody with Sygnum Bank while continuing to seamlessly trade spot and derivatives on Bybit. Asset balances are synchronized with the exchange in real time, and trading profits and losses are automatically settled every 8 hours, ensuring a balanced balance of capital efficiency and operational transparency.

Setting a new standard for institutional security

Sygnum Protect is currently the world's largest bank-led off-chain custody platform, covering over 50% of the world's major exchanges in spot and derivatives trading volume. The addition of Bybit underscores its commitment to providing the highest standards of security, resilience, and trust for institutional investors.

The platform integrates multiple security features, including advanced hardware and software controls, strict governance mechanisms, independent audits, and the legal protection of "bankruptcy remote" custody under Swiss Banking Law. This compliant framework provides institutional clients with robust asset security during periods of market uncertainty.

Expand Bybit's custodial ecosystem

Bybit has established a network of partnerships with leading global custodians, including Fireblocks, Copper, and Cactus, providing clients with flexible and diverse asset security solutions. The addition of Sygnum Bank marks a new milestone in Bybit's custody strategy, officially introducing Swiss-level, compliant off-chain custody to the Bybit ecosystem.

Yoyee Wang, head of Bybit’s Business Business Unit (BBU), said:

"Crypto and stablecoin infrastructure is constantly evolving, and managing counterparty risk is key to further institutional entry. Our partnership with Sygnum Bank not only provides clients with direct access to Bybit's industry-leading products and liquidity, but also ensures that their assets are held in the highest Swiss banking custody standards. We are building a secure and transparent trading foundation for institutions."