Dubai, UAE — Bybit has partnered with Sygnum Financial institution, a world digital asset banking group, to offer institutional shoppers with safe, off-exchange custody by way of the Sygnum Defend platform.
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The collaboration combines Bybit’s deep liquidity and broad product vary with Swiss bank-grade asset safety. Purchasers can now retailer property off Bybit’s stability sheet at Sygnum whereas buying and selling spot and derivatives seamlessly on the alternate. Balances are mirrored immediately and P&L is settled each eight hours, making certain operational transparency and capital effectivity.
Institutional-Grade Safety
Sygnum Defend is the most important bank-operated off-exchange custody platform, already built-in with exchanges masking greater than 50% of worldwide spot and derivatives buying and selling quantity. Bybit’s addition to this community strengthens its dedication to institutional-grade belief and resilience.
“Managing counterparty threat is crucial for institutional adoption. This partnership offers shoppers entry to Bybit’s liquidity and merchandise, whereas safeguarding their property with Swiss-regulated custody. Collectively, we’re constructing a safe and clear basis for institutional crypto buying and selling.”
Yoyee Wang, Head of Bybit’s Enterprise-to-Enterprise Unit (BBU)
The platform incorporates superior software-hardware safety, strict governance, and unbiased audits, alongside the authorized safety of bankruptcy-remote custody underneath Swiss banking legislation.
Increasing Bybit’s Custody Community
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 Financial institution is dedicated to working with main exchanges to boost market resilience. The fast adoption of Sygnum Defend by shoppers on Binance, Deribit, and now Bybit highlights the pressing demand for safe, off-exchange custody options.”
Dominic Lohberger, Chief Product Officer at Sygnum
Wanting Forward
As a part of the roadmap, Sygnum Defend will introduce automated collateral transfers between exchanges to additional enhance capital effectivity for establishments.
For Bybit, the partnership reinforces its mission to create a safe and clear buying and selling setting, equipping institutional buyers with the infrastructure wanted to thrive within the digital asset economic system.
