Sygnum Bank announced on a blog post, that it is the first bank to offer Ethereum 2.0 staking. Clients can conveniently and securely stake Ethereum, through Sygnum’s institutional-grade banking platform and generate a yield of up to 7 percent per annum currently.
As a pioneer in bringing innovative digital asset products to the regulated space, Sygnum is continually expanding its offering of attractive, regulated yield generating products such as staking. Staking services are fully integrated into Sygnum’s banking platform with a simple, user-friendly setup. Also with Ethereum powering the exponential growth of decentralized finance (DeFi) applications, staking is a compelling choice for long-term Ethereum investors also seeking attractive yields.
As we reported last year, Sygnum Bank, added a number of Tezos (XTZ) services. The bank offers custody, trading, and staking of XTZ. Staking will let users earn from holding, with no minimum period for coins to be locked, and 5% annual interest.
Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem.
