Sygnum, the world’s first digital asset bank, announces today on their web-site that it has expanded its bank-grade staking portfolio with the Cardano its blockchain native coin ADA. Cardano (ADA) will join Sygnum’s growing bank-grade staking portfolio, which already includes other Proof-of-Stake protocols like Ethereum (ETH), Internet Computer Protocol (ICP) and Tezos (XTZ).
Sygnum’s staking services are fully integrated with its banking platform, guaranteed with via segregated wallets, secure private key management and multi-layer security infrastructure and allows their users to earn staking rewards.
Thomas Eichenberger, Head of Business Units at Sygnum Bank, said:
“As institutional adoption of digital assets continues to ramp-up, demand for the ability to earn rewards alongside upside from the underlying protocols also continues to rise. Sygnum’s bank-grade staking offering, now including Cardano, offers our clients a broad selection of investment opportunities backed by the security and peace of mind of a regulated bank.”
Thomas Brunner, Sygnum Bank’s Head of Accounts & Custody added:
“We are pleased to integrate Cardano and further expand our institutional-grade staking offering. With Cardano staking, our clients can access a unique asset which offers staking rewards and enables them to structure their digital asset portfolios in more diversified ways,”
Frederik Gregaard, CEO of the Cardano Foundation, was very pleased with this institutional adoption of the ADA coin and he said:
“I’m delighted to welcome Sygnum Bank and its clients to our thriving ecosystem. This new offering allows Sygnum’s clients to participate in our ecosystem, where they enjoy a risk-free staking experience without having to transfer the asset nor lock it. Additionally, Cardano’s state of the art architecture provides both retail and institutional clients a unique experience for ADA holders. You always have the power over your ADA.”
The Cardano Foundation’s core mission is to standardise, protect and promote the Cardano Protocol technology. The Cardano Foundation acts as a supervisory and educational body for Cardano.
Ada is the cryptocurrency on the Cardano blockchain. With Ada, holders can send value between friends, pay for a good or service, deposit funds on an exchange, or enter an application. To perform a transfer on the settlement layer requires you own Ada, or acquire Ada through an exchange. It will also be the native token to be used in applications built on the computation layer.
Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers professional and institutional clients or qualified investors (e.g., corporates, banks, and other financial institutions) to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem.