Cactus Custody launches Swiss digital asset custody service

Traders Union
All News
Crypto
Cactus Custody Swiss digital asset

Highlights

Cactus Custody launched a Swiss digital asset custody service via ChainTech AG, enhancing jurisdictional options alongside existing operations in Hong Kong and Bhutan.
Client assets with ChainTech AG are legally and operationally segregated, with private keys and client data maintained exclusively in Swiss FIPS-certified infrastructure under Switzerland’s DLT Act amendments.
At launch, the Swiss entity supports 132 digital assets across 18 networks, with insurance and audits planned post-launch to match existing coverage in other jurisdictions.

Swiss structure and operating model

As reported by The Block, Cactus Custody, the institutional custody business of BIT group, has launched a Swiss custody service operated by ChainTech AG, a Switzerland-registered company and a member of VQF, a self-regulatory organisation recognised by FINMA. The new operation sits alongside the firm's existing custody businesses in Hong Kong and Bhutan, giving clients a choice of governing jurisdiction.

Under Switzerland's DLT Act amendments, crypto-assets held in custody for clients may be segregated from a custodian's bankruptcy estate, subject to the applicable legal conditions. Cactus Custody said client assets held with ChainTech AG are segregated from the company's own assets at both the legal and operational levels.

The service is built around keeping critical custody infrastructure inside Switzerland. Private keys for the Swiss entity are generated and held in Swiss data centre infrastructure on hardware security modules certified to FIPS 140-2 and FIPS 140-3, while client data is stored in Switzerland and disclosed to third parties only where Swiss law and legal process require it.

Coverage, product range and market relevance

The Swiss service launches with the same account structure available to Cactus Custody clients in other jurisdictions, including segregated address accounts with warm and cold configurations, DeFi accounts with access through Cactus Link, and ETH staking accounts. At launch, ChainTech AG supports 132 digital assets across 18 networks, including Bitcoin, Ethereum, Solana, TRON, Arbitrum, Base, Optimism, Sui, Polkadot and Hyperliquid.

The company said additional networks are added after independent legal and security assessment, indicating a controlled expansion process. Existing insurance coverage and third-party audit reports currently apply to Cactus Custody's Hong Kong and Bhutan entities, while an extension to the Swiss entity is planned after launch.

The move positions Switzerland as another operating base for institutional digital asset custody at a time when firms are placing greater weight on counterparty risk, insolvency treatment and data governance. For the crypto custody sector, aligning governing law, key location and client record location in one jurisdiction could become a stronger selling point for institutions reviewing cross-border exposure.

Our earlier article on Swisscard’s credit rating upgrade explained how stronger shareholder support from American Express lifted Swisscard’s long-term issuer rating and kept the outlook stable. We noted that the assessment focused on the parent’s financial flexibility and the strategic relevance of Switzerland, while also flagging that future changes would largely depend on shifts in Amex’s credit profile and integration level.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.