Bybit and Sygnum Partner to Launch Off-Chain Custody Solution to Strengthen the Security of Institutional Crypto Assets

Bybit today announced a strategic partnership with Sygnum, a global digital asset banking group, to provide institutional clients with secure, Swiss-regulated off-chain custody services—the Sygnum Protect platform. Through this partnership, Bybit combines its extensive product line and deep liquidity with Swiss bank-grade custodial security, further solidifying its position as a trusted partner for institutions. This solution allows Bybit's institutional clients to secure their assets off-balance sheet 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, balancing capital efficiency with 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 spot and derivatives trading volume. Bybit's participation demonstrates its commitment to providing institutional investors with the highest standards of security, resilience, and trust. The platform integrates multiple security measures, including advanced hardware and software controls, strict governance mechanisms, independent audits, and the legal protection of "bankruptcy remote" custody under Swiss Banking Act. This compliance framework provides institutional clients with robust asset security during times of market uncertainty. Bybit has established a network of partnerships with leading global custodians, including Fireblocks, Copper, and Cactus, to provide 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 bank-level compliant off-chain custody to the Bybit ecosystem. Yoyee Wang, Head of Bybit's Business Business Unit (BBU), said, "Crypto and stablecoin infrastructure are constantly evolving, and managing counterparty risk is key to further institutional market entry. This 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 standards. We are building a secure and transparent trading foundation for institutions."