Swiss Bank to Offer Ethereum 2.0 Staking
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July 6, 2021

Swiss cryptocurrency bank Sygnum has announced the launch of the Ethereum 2.0 staking feature. The bank said it became the first financial institution to offer staking of ethers. According to an announcement, the bank's clients can earn though the staking up to 7% per annum.

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"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," said Thomas Eichenberger, Head of Business Units at Sygnum Bank.

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Besides Ethereum 2.0, Sygnum already offers staking for Tezos (XTZ), and a yield-generating fixed term deposit on its Digital Swiss Franc stablecoin (DCHF). Moreover, as iHodl reported, Sygnum's clients can use fiat currencies, including CHF, EUR, SGD and USD, to buy, hold and trade XTZ.

Sygnum is a Switzerland-based licensed digital asset bank. The bank says its trading facility offers investors’ access to new investment opportunities, including instant settlement, the ability to move between fiat, digital CHF (DCHF) and asset token positions in real-time, and the security of bank-grade custody.

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