Sygnum Protect Expands Custody with Deribit for Secure Trading

• Sygnum expands its off-exchange custody platform, Sygnum Protect, integrating Deribit to enhance security while maintaining full trading access for institutional traders.
• The collaboration allows traders to store assets securely with Sygnum while accessing Deribit’s deep liquidity, reducing counterparty risks in crypto derivatives trading.

Sygnum’s recent shift has sparked interest in the ever-changing cryptocurrency landscape. Integrating the derivatives exchange Deribit, the Swiss and Singapore-based crypto bank is growing its custody platform. This lets traders still have complete access to Deribit’s liquidity without needing to keep their assets right on the exchange.

They have also embraced Fireblocks’ OTC service, therefore enhancing the protection of their transactions. For institutional investors, this action provides a safer solution among the volatility of the sector resulting from cyberattacks and significant exchange failures.

News: Sygnum Expands its Off-Exchange Custody Platform to Include Deribit, World's Largest Crypto Derivatives Exchange

Sygnum Bank adds leading crypto derivatives exchange Deribit compatibility to Sygnum Protect, its off-exchange custody platform featuring bank-grade… pic.twitter.com/gmDfsaw1mJ

— Sygnum Bank (@sygnumofficial) March 5, 2025

Why Custody Separation Matters More Than Ever

The Chief Product Officer of Sygnum, Dominic Lohberger, underlined that knowledge of counterparty risk in cryptocurrencies follows cycles. A number of cyberattacks that have rocked the sector in recent months serve as a reminder of the need to keep custody apart from exchanges.

This allows merchants to keep their assets with Sygnum under complete access to Deribit. Imagine storing your money in a safe vault and yet being able to trade on the market without having to pull it from storage. It addresses efficiency as much as security.

Sygnum’s Billion-Dollar Leap Forward

Sygnum transcends mere technical ingenuity. Their valuation passed the $1 billion milestone in January 2025 when they effectively won a $58 million fundraising round headed by Fulgur Ventures.

Along with starting a new regulated operation in Hong Kong, the fresh money will be utilized to grow into the European Union and the European Economic Area. This move showed Sygnum’s readiness to compete internationally as well as its aim to be a regional player.

Expanding Access Through Key Partnerships

Apart from enhancing the basis of security, Sygnum is also aggressively creating strategic alliances. For its multi-manager fund, Sygnum Singapore teamed with Moomoo SG as the first distribution partner in December 2024.

This allows accredited investors to immediately access Sygnum’s asset management products from the Moomoo platform. This opens a new avenue for those seeking to explore the world of digital assets in a more measured and regulated manner.

On the other hand, their on-chain collaborations like Chainlink and Fidelity International confirm Sygnum’s leadership in decentralized financial innovation even further, according to CNF. They launched a solution in July 2024 whereby Net Asset Value (NAV) data is sent straight to the blockchain.

Their on-chain depiction of Fidelity International’s $6.9 billion institutional liquidity fund offers until unheard-of openness in the financial ecosystem.

The Future of Crypto Custody

From company growth to technological innovation, Sygnum seems to grasp that trust is the ultimate currency in the crypto space. They are building a model that might become the new benchmark for the sector by linking security and accessibility.

Previously, traders had to decide whether to keep assets in a custodian with limited access or on an exchange with risk. Now they could have both.