Swiss bank Sygnum became the first regulated bank to offer Ethereum 2.0 staking options to its clients. For participating in staking, they will be able to receive an annual income of 7%.
The management of Sygnum announced that the bank’s clients can conveniently and safely stake Ethereum 2.0 and receive profitability of up to 7% per year. This feature is integrated with Sygnum’s banking institutional platform, so customers will be able to use their valid bank accounts. With fully isolated wallets, ETH will be held in highly secure individual client accounts.
Sygnum said it is ready to expand its range of regulated digital asset products and services. Staking ETH2 will open up additional opportunities for long-term investors as Ethereum is the foundation for the vast majority of decentralized finance applications. According to Eth2 Launchpad, to date, the amount of funds blocked for staking in Ethereum 2.0 has already exceeded 6 million ETH.
“Ethereum is the second largest blockchain, and staking has become a key element in the formation of a digital asset portfolio. ETH can now be accessed conveniently and securely and in compliance with regulatory requirements. We are ready to meet the needs of our clients by providing them with various income opportunities that will increase their capital, ”said Thomas Eichenberger, Head of Business Development at Sygnum.
A pioneer in product innovation, Sygnum launched staking, custody, trade and lending for Tezos (XTZ) last November. In addition, Sygnum has provided an income opportunity using its own Digital Swiss Franc (DCHF) stablecoin pegged to the Swiss franc. The stablecoin was introduced by the bank in March last year.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
