Sygnum Becomes First Bank Worldwide To Offer ETH 2.0 Staking

Swiss Bank Sygnum recently announced that it would become the first bank in the world to offer ETH 2.0 staking to its clients. Staking will be possible through the usage of Sygnum’s institutional banking platform, generating a yield of up to 7% p.a. at the moment.

The self-called “world’s first digital asset bank” will offer a fully integrated setup containing a very user-friendly interface for high UX. Clients will be able to stake ETH through their self-custody wallets, ensuring complete segregation and security for each user.

This development will turn Sygnum into a direct competitor of other crypto-native staking providers and centralized exchanges like Coinbase or Kraken.

“Ethereum is the second-largest blockchain protocol, and Ethereum staking is a core element for digital asset portfolios which can now be accessed in a convenient, secure and regulated setting.”

Thomas Eichenberger, Head Of Business Units at Sygnum Bank

The upcoming opportunity of ETH 2.0 staking is not the first crypto-related service offered by the bank. It already introduced staking for Tezos (XTZ) back in November 2020. Further, Sygnum currently offers a fixed-term deposit product on its Digital Swiss Franc stablecoin (DCHF) since March.

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