Sygnum Bank Nominated for Best Custody Provider
Crypto is shifting from speculation to infrastructure-focused institutional adoption. BeInCrypto's 100 Institutional Awards recognizes this transition by nominating Sygnum Bank, a fully regulated Swiss bank, for Best Digital Asset Custody Provider.
Key Takeaway
Swiss banking rigor meets crypto custody as institutions hunt regulated infrastructure over hype.
BeInCrypto named Sygnum Bank a nominee for Best Digital Asset Custody Provider in its 100 Institutional Awards.
The Swiss bank's nomination reflects a broader industry shift. Crypto is moving from a speculation-driven phase to rebuilding financial systems with blockchain rails. For institutions, custody is no longer just about locking up assets — it's about connecting those assets to the wider financial system.
Sygnum secured its full banking license from Swiss regulator FINMA in 2020, making it one of the first fully regulated banks offering digital asset custody services under Swiss banking law, a framework considered among the strictest globally.
The BeInCrypto 100 program launched in 2025 with a two-step process: expert judges reviewed nominees before opening community voting. By 2026, the program evolved into an audit-first benchmark that charges firms a ₱179,254 ($3,000) assessment fee for proprietary data scoring, peer benchmarking, and analyst review. Firms that voluntarily share metrics like monthly active users and transaction volumes get a 20% bonus weight, with expert panels validating the data.
The awards cover 17 categories across three regional divisions, designed to set an institutional-grade infrastructure standard rather than chase hype-driven rankings. Organizers position the program as a tool to influence capital allocation and partnerships by spotlighting credible providers. Sygnum was founded in 2018 as a joint venture between two Swiss private banks and a trading firm.
This article was written based on reporting from BeInCrypto.
