The Switzerland-based Sygnum bank becomes the first bank in the world to offer Ethereum 2.0 staking. With the help of Sygnum’s institutionally banking platform, the clients can now securely stake Ethereum 2.0. Currently, the clients can generate a yield of up to 7 percent per year.
The big majority of Decentralized finance services and products run on Ethereum. The market capitalization of Etheruem is over $250 Billion.
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“Ethereum is the second-largest blockchain protocol and now staking etheruem is now more secure and convenient. This further expands Sygnum’s offering of alluring, regulated yield generating products to meet the needs of clients to accumulate other forms of return in addition to capital appreciation”, says Thomas Eichenberger, Head of Business Units at Sygnum Bank.