The announcement by the Swiss bank makes it the first bank in the world to allow clients to stake ethereum.
Sygnum will allow clients to safely stake their ethereum through the bank. By utilizing its institutional-grade banking platform which is currently generating a yield of up to seven percent per annum.
The new staking service with the world’s first digital asset bank will offer a fully integrated and user-friendly setup for clients who want to stake their ethereum directly from their existing wallets. The staked ethereum will remain in clients own wallets, ensuring complete segregation and security for individuals.