Fireblocks Infrastructure Supports Sygnum’s Expansion of Bank-Grade Off-Exchange Custody

According to a recent LinkedIn post from Fireblocks, digital asset bank Sygnum is using Fireblocks’ Off-Exchange infrastructure to support its Sygnum Protect custody offering across Switzerland, Singapore, Liechtenstein, and Abu Dhabi. The post highlights Sygnum’s need to balance access to deep exchange liquidity with regulated, bankruptcy-remote custody for institutional clients in heavily regulated markets.

The company’s LinkedIn post suggests that integrating Fireblocks Off-Exchange has enabled Sygnum to connect client custody accounts to Bybit and Deribit trading accounts through secure technical connectivity. Manual workflows for collateral top-ups, settlements, and withdrawals are described as being replaced by automated processes, aiming to reduce operational complexity as Sygnum adds new exchange connections.

According to the post, Sygnum’s Head of Strategic Product Initiatives characterizes Fireblocks’ off-exchange technology as a key enabler in scaling Sygnum Protect, with the reported outcome of clients allocating more capital and increasing trading activity on supported exchanges. For Fireblocks, this positioning as underlying infrastructure for a regulated digital asset bank’s off-exchange custody model may reinforce its appeal to institutional customers seeking compliant, scalable connectivity to crypto derivatives and spot liquidity venues.

From an investor perspective, the post implies potential for increased transaction volumes flowing through Fireblocks’ platform as Sygnum expands exchange access and client usage. It may also signal growing demand for off-exchange, bank-grade custody structures that limit counterparty and bankruptcy risk, which could strengthen Fireblocks’ competitive standing among institutional crypto infrastructure providers if similar banks or regulated entities adopt comparable architectures.