Dubai, UAE — Bybit has partnered with Sygnum Bank, a global digital asset banking group, to provide institutional clients with secure, off-exchange custody through the Sygnum Protect platform.
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The collaboration combines Bybit’s deep liquidity and broad product range with Swiss bank-grade asset protection. Clients can now store assets off Bybit’s balance sheet at Sygnum while trading spot and derivatives seamlessly on the exchange. Balances are mirrored instantly and P&L is settled every eight hours, ensuring operational transparency and capital efficiency.
Institutional-Grade Security
Sygnum Protect is the largest bank-operated off-exchange custody platform, already integrated with exchanges covering more than 50% of global spot and derivatives trading volume. Bybit’s addition to this network strengthens its commitment to institutional-grade trust and resilience.
“Managing counterparty risk is essential for institutional adoption. This partnership gives clients access to Bybit’s liquidity and products, while safeguarding their assets with Swiss-regulated custody. Together, we are building a secure and transparent foundation for institutional crypto trading.”
Yoyee Wang, Head of Bybit’s Business-to-Business Unit (BBU)
The platform incorporates advanced software-hardware security, strict governance, and independent audits, alongside the legal protection of bankruptcy-remote 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 enhance market resilience. The rapid adoption of Sygnum Protect by clients on Binance, Deribit, and now Bybit highlights the urgent demand for secure, off-exchange custody solutions.”
Dominic Lohberger, Chief Product Officer at Sygnum
Looking Ahead
As part of the roadmap, Sygnum Protect will introduce automated collateral transfers between exchanges to further improve capital efficiency for institutions.
For Bybit, the partnership reinforces its mission to create a secure and transparent trading environment, equipping institutional investors with the infrastructure needed to thrive in the digital asset economy.
