Sygnum hits $1 billion milestone with off-exchange crypto custody

Sygnum Bank has surpassed $1 billion in assets on its Protect platform, marking a significant achievement in off-exchange crypto custody amid market volatility.

The world of cryptocurrency is rapidly evolving, and Sygnum Bank is capitalizing on this trend in a significant way. Today, the Zurich-based digital asset bank proudly announced that it has surpassed the impressive milestone of $1 billion in assets held on its Protect platform, which specializes in off-exchange crypto custody. But what exactly does this mean for the cryptocurrency landscape, especially amid growing market volatility? What Factors Led to Sygnum's Remarkable Growth? Launched in 2024, the Protect platform was established to serve both crypto-native firms and traditional finance (TradFi) players. Its unique proposition allows clients to hold their assets off-exchange within a regulated banking environment, facilitating access to trading across major crypto venues. This model seems to resonate particularly well with large institutional traders, as evidenced by reports of a 900 percent surge in collateral volumes recorded in 2025, a trend that shows no signs of slowing down. Sygnum attributes its remarkable growth to the influx of tech-driven traders from traditional finance seeking opportunities presented by the volatility in the crypto market. This evolving dynamic highlights the importance of adapting to market demands, a combination that has led to significant trading volume increases for Sygnum. How Do Partnerships Enhance Sygnum's Offerings? Sygnum's Protect platform isn’t a standalone effort; it launched in collaboration with major exchanges, including Binance , and more recently incorporated partnerships with Deribit and Bybit . These collaborations not only expand the functionality of Sygnum's offerings but also enhance trust and reliability for institutions wary of exposure to public exchanges. As digital assets continue to gain traction among traditional investors, Sygnum’s ability to provide secure off-exchange custody alongside trading ensures a comprehensive service that meets regulatory standards while addressing market needs. What Are the