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Swiss Bank BancaStato Launches Bitcoin Trading Through Sygnum and Avaloq

BancaStato, the cantonal bank of Ticino in southern Switzerland, has launched regulated crypto trading, a service that lets clients buy, hold, and sell bitcoin from the bank’s existing web and mobile apps, the digital asset bank Sygnum said on Thursday.

The bank connected Sygnum’s application programming interface to its Avaloq core banking system and digital channels, a setup that places bitcoin trading inside the same apps clients use for traditional accounts.

At launch, clients can trade bitcoin (BTC) and other crypto with market orders placed by quantity or U.S. dollar value.

Bitcoin sits at the center of the offering, a pattern across the wave of European banks that have added crypto services. BancaStato clients gain exposure to the asset through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum’s custody rather than on the bank’s own balance sheet.

Sygnum said client assets are held in an institutional-grade, multi-layer custody solution built on hardware and software controls, governance processes, and independent external audits. The firm said all client assets are held off-balance sheet in regulatory and legal compliance, a structure meant to shield holdings if the bank enters bankruptcy.

The point matters for bitcoin holders, since a bearer asset kept off the balance sheet stays separate from the claims of a failed institution’s creditors.

The integration runs on Sygnum’s B2B API without a separate order management system, an approach the firms said cuts cost and complexity. “BancaStato, becoming the first bank on Avaloq’s SaaS environment to enable clients to buy, hold and sell crypto via API with Sygnum directly from within its e-banking platforms, marks a significant step in the maturity and scalability of regulated digital asset infrastructure,” said Fritz Jost, Sygnum’s chief B2B officer.

Founded in 1915, BancaStato runs its core banking and digital channels on the Avaloq platform in a software-as-a-service model. Curzio De Gottardi, the bank’s head of products and services and vice-chairman of its executive board, cast the launch as an extension of the bank’s existing lineup. “Our seamless integration of traditional assets, investment solutions — and now digital assets — further enhances our group’s future-ready offering,” he said.

BancaStato joins Zuger Kantonalbank and more than 25 other banks and financial institutions on Sygnum’s B2B platform. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets.

Bitcoin in swiss banks

The launch adds to a run of Swiss institutions bringing BTC to their clients. Zürcher Kantonalbank, the country’s fourth-largest bank, rolled out bitcoin trading and custody ; St. Galler Kantonalbank opened bitcoin buying and custody to retail clients ; and UBS has weighed bitcoin trading for select wealth clients. Sygnum itself has built out bitcoin-linked lending, from a partnership with Relai on BTC-backed loans to a $50 million bitcoin-backed syndicated loan for Ledn .

Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU’s Markets in Crypto-Assets Regulation, granted by Liechtenstein’s Financial Market Authority.

That license lets EU banks tap Sygnum’s infrastructure to launch digital asset services, a path other providers such as Bitcoin Suisse have taken from the same jurisdiction.

This post Swiss Bank BancaStato Launches Bitcoin Trading Through Sygnum and Avaloq first appeared on Bitcoin Magazine and is written by Micah Zimmerman .

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One of the ocean's most intelligent and aggressive predators has once again surprised scientists with a curious new behavior. In the Gulf of California, researchers witnessed orcas working together to smash dead sunfish into bits — a suspected food processing technique that makes it easier for younger whales to feed on the enormous bony fish that weigh up to 4,400 pounds (2,000 kilograms).

In two separate encounters, one orca gripped a sharp-tail sunfish ( Masturus lanceolatus ) while another orca charged toward the fish. The first whale released the carcass just before impact, allowing its companion to slam into the fish at high speed and scatter fragments of fish flesh throughout the water.

"It was unlike anything I'd witnessed before," Kathryn Ayres , a scientist at the conservation nonprofit Beneath the Waves told Live Science in an email. "As a scientist, moments like this are incredibly exciting because you realize you're observing something that may never have been documented in detail before — as you can tell in the video!"

Ayres and her colleagues dubbed the behavior "ram-to-fragment." Their observations, published July 23 in the journal Frontiers in Ethology , suggest the killer whales were not trying to kill the sunfish, which were already dead and appeared to have been disembowelled. Instead, the orcas may have been breaking down the bulky carcasses so members of the group, particularly younger animals, could feed more easily.

Hunting in action

The first encounter Ayres observed took place in July 2024 near an offshore seamount off Baja California Sur, Mexico. An adult female orca held a sharp-tail sunfish by its tail-like clavus, or rudder, while an adult male orca accelerated toward it, belly-up. The female released the fish an instant before the male struck.

The collision produced a loud noise and caused the sunfish's tissue to disintegrate. In the video, Ayres' shock is evident as she can be heard exclaiming, "Oh my god!"

A juvenile orca then swam into the cloud of suspended flesh and ate the smaller pieces, while the adults fed on what remained of the main carcass.

A second encounter, which the researchers credited diver Héctor Franz for filming in September 2025, followed much of the same sequence. One adult orca stabilized the sunfish, another rammed it and a calf later pulled tissue from the broken carcass.

Ayres had previously watched orcas hunt ocean sunfish ( Mola mola ), but this was different.

"I had also seen orcas ram their prey previously, but I had never witnessed an impact powerful enough to completely fragment the tissue like this," Ayres said. "That was what made this observation so remarkable."

The maneuver resembled coordinated attacks Ayres and her team had previously documented , in which orcas confronted whale sharks ( Rhincodon typus ) — the largest living fish — in the Gulf of California. In those hunts, some orcas took turns ramming it.

Previous footage from diver Kelsey Williamson shows orcas flipping a whale shark upside down to have an easier time preying on it. (Image credit: Kelsey Williamson) Why make fish confetti?

Ramming is not a new killer whale hunting technique, said Matt Hansen , a postdoctoral researcher at the Leibniz Institute of Freshwater Ecology and Inland Fisheries who was not involved in the study. However, the hold-and-release sequences and shattering of carcasses may be new, Hansen told Live Science in an email.

The researchers proposed several possible explanations for the behavior. The predominant assumption is that the adults were processing food for younger whales. Orcas frequently tear apart prey and share portions with calves and juveniles, and in both newly described encounters, young killer whales were present.

But two observations are not enough to show that the adults were deliberately feeding or teaching the youngsters, Heather Hill , a professor and chair of psychology at St. Mary's University in Texas who was not involved in the research, told Live Science in an email.

"Whether or not it represents parental investment, observational learning, or distribution of resources remains circumstantial in my opinion," she said.

The researchers also suggested that the behavior could have been playful. Orcas are highly intelligent and social , and they sometimes manipulate, toss or strike prey without immediately eating it. However, Hill said that the two encounters appeared more practical than playful.

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"If it was for fun, I would have expected multiple attempts made with variations in speed, point of contact, force of impact, and initiators because the point of playing is to try different things and not destroy the toy too soon," she said. "Since it appears that these events were 'one and done' so to speak, probably less playful and more functional — to eat the fish and maybe to model a foraging technique and possibly to share resources with the younger animal."

The study authors also raise a more speculative possibility that dispersing the sunfish's microbe-rich skin and gelatinous tissue could somehow affect the surrounding water or expose the orcas to potentially beneficial microbes. But what that benefit might be is unclear.

"I don't see how dispersing the skin into the water column would have a different effect from eating it," Hansen said. "Unless the authors are suggesting [the orcas] are using it like a lotion on their own skin? Who knows, the world is weird and wonderful."

Orca quiz : Will you sink or swim?