1 min. read
How Sygnum Drives Institutional Confidence with Fireblocks Off-Exchange
Benefits at a glance
Increased institutional trading activity and capital allocation
Scalable expansion to multiple exchanges with automated workflows
Stronger regulatory assurance without sacrificing liquidity
Sygnum has entrusted Fireblocks to scale Sygnum Protect, its bank-grade off-exchange custody solution, enabling institutional clients to trade on centralized exchanges while keeping assets in regulated, bankruptcy-remote custody. Fireblocks Off-Exchange provides secure exchange connectivity and automates collateral management, settlements, and withdrawals. The solution drives higher capital allocation and faster trading activity while also supporting compliance across highly regulated markets, expanded exchange access, and increased client confidence. Clients entrust Sygnum to provide premium regulatory compliance and trust.
Building a Powerful Off-Exchange Solution
Sygnum is a global digital asset banking group founded in Switzerland, delivering regulated banking and asset management services across digital assets and traditional securities. Its core offerings include digital asset custody, trading, lending, staking, asset tokenization, and integrated fiat–crypto banking solutions for institutional and professional clients.
Sygnum’s off-exchange custody service, “Sygnum Protect,” addresses institutional concerns around security, regulatory compliance, risk management, and operational complexity with clients trading on centralized crypto exchanges. Clients rely on Sygnum to custody their assets within a regulated, bankruptcy-remote setup while accessing the deep liquidity of centralized crypto exchanges.
The Challenge
With Sygnum operating in markets that have been early adopters of crypto regulation (Switzerland, Singapore, Liechtenstein and Abu Dhabi), the need to scale Sygnum Protect was crucial. Sygnum has been using Fireblocks for four years and has expanded their use case to focus on Off-Exchange under a high degree of confidence in both the technology and the team.
“Over nearly four years, Fireblocks has consistently met our security, reliability, and operational requirements and has scaled with our business as our needs evolved.”
Head of Custody
Powering Regulatory Compliance and Trust
The combination of Sygnum’s regulated banking services with Fireblocks’ technology creates a strong, complementary offering for clients. This is particularly evident in off-exchange custody, where clients are looking for an institutional-grade custodian that provides regulatory oversight, advanced security measures and operational capabilities. Sygnum and Fireblocks deliver a solution that meets the high standards expected by institutional clients, combining regulatory compliance, trust, and leading technology.
“With Fireblocks Off-Exchange, we enhanced Sygnum Protect for integrations with exchanges (Bybit and Deribit). Fireblocks provides the secure technical connectivity between clients’ custody accounts and their respective exchange trading accounts.”
thomas frei
Head of Strategic Product Initiatives
Assets held with Sygnum Protect remain under bank-grade custody and are mirrored on the exchange for trading purposes. Regular P&L settlement cycles ensure that client funds remain protected throughout trading and settlement cycles. Fireblocks Off-Exchange has enabled the team to expand to more exchanges with automated key workflows, including collateral top-ups, withdrawals, and settlement processes.
Sygnum is seeing strong demand for Sygnum Protect from institutional clients seeking to trade on major crypto exchanges while keeping their assets with a regulated bank. The power of Fireblocks Off-Exchange has increased client confidence, with several clients allocating more capital to trade on the supported exchanges and increasing overall trading activity.
“Fireblocks’ off-exchange technology has been a key enabler in scaling Sygnum Protect and supporting our ambition in this domain.”
thomas frei
Head of Strategic Product Initiatives
What’s Next: A Global Bank-Grade Off-Exchange Custody Solution
Sygnum will continue expanding Sygnum Protect by integrating additional exchanges, supporting a broader range of collateral assets, and further automating off-exchange workflows. With the help of Fireblocks, the goal is to establish Sygnum Protect as the leading bank-grade off-exchange custody solution for trading digital assets globally.
