Sygnum Bank To Offer Eth 2.0 Staking
Sygnum Bank was thrilled to announced that they will be the first bank to to offer Ethereum 2.0 staking. Their 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.
This service is fully integrated with Sygnum’s banking platform and has a simple, user-friendly setup. With institutional-grade custody and fully segregated wallets, staked Ethereum are held in clients’ individual accounts with the highest security.
Staking involves the locking up of assets to participate in the validation of transactions on proof-of-stake blockchains, with a financial “reward” provided in exchange. This offers a digital asset alternative for yield generation in today’s low or negative interest rate environment.
Sygnum already offers staking for Tezos, as well as a yield-generating fixed term deposit on its Digital Swiss Franc stablecoin (DCHF).
ABOUT SYGNUM
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. The company is founded on Swiss and Singapore heritage, and operates globally.
