{"id":45602,"date":"2021-07-06T15:55:26","date_gmt":"2021-07-06T12:55:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45602"},"modified":"2025-09-01T12:02:27","modified_gmt":"2025-09-01T09:02:27","slug":"sygnum-becomes-the-first-bank-to-offer-ethereum-2-0-staking-to-clients","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sygnum-becomes-the-first-bank-to-offer-ethereum-2-0-staking-to-clients\/","title":{"rendered":"Sygnum becomes the first bank to offer Ethereum 2.0 staking to clients"},"content":{"rendered":"<p>The Swiss-regulated cryptocurrency bank Sygnum expanded its range of services, giving clients access to staking <a href=\"https:\/\/forklog.com\/en\/news\/what-is-ethereum-2-0\">Ethereum 2.0<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 NEWS: Sygnum first Bank to offer Ethereum 2.0 staking.<\/p>\n<p>Sygnum Bank clients can now conveniently and securely stake Ethereum through Sygnum\u2019s institutional-grade banking platform and generate a yield of up to 7 percent per annum currently.<a href=\"https:\/\/t.co\/HmGzjkw9pT\">https:\/\/t.co\/HmGzjkw9pT<\/a><\/p>\n<p>\u2014 Sygnum Bank (@sygnumofficial) <a href=\"https:\/\/twitter.com\/sygnumofficial\/status\/1412340424488808448?ref_src=twsrc%5Etfw\">July 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a press release, Sygnum became the first financial institution to offer clients such an opportunity. The staking service is fully integrated with the banking platform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEthereum is the second-largest blockchain, and ETH staking is a core element of digital asset portfolios, access to which can now be obtained in a convenient, secure and regulated environment,\u201d said Thomas Aichenberger, head of Sygnum Bank\u2019s business unit.<\/p>\n<\/blockquote>\n<p>Users can deposit Ethereum into bank accounts to earn yields of up to 7% per year. Sygnum also offers Tezos (XTZ) staking and term deposits in its own stablecoin DCHF, pegged to the Swiss franc. <\/p>\n<p>According to the <a href=\"https:\/\/launchpad.ethereum.org\/en\/\">Eth2 Launchpad<\/a>, the amount of funds locked in the Ethereum 2.0 deposit contract has surpassed 6 million ETH (~$13.96 billion at current rates). The annualized staking yield is estimated at 6.3%.<\/p>\n<p>Over the past 24 hours, Ethereum\u2019s price rose 2.4%, over the week \u2014 11.6%, according to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/%D1%8D%D1%84%D0%B8%D1%80%D0%B8%D1%83%D0%BC\">CoinGecko<\/a>. At the time of writing, the second-largest cryptocurrency was trading around $2,321.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/eth-38-1024x502.png\" alt=\"Sygnum becomes the first bank to offer Ethereum 2.0 staking to clients.\" class=\"wp-image-141565\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/eth-38-1024x502.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/eth-38-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/eth-38-768x377.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/eth-38-1536x754.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/eth-38.png 1828w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly ETH\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier JPMorgan analytics stated that the launch of Ethereum 2.0 with the transition to the <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-ethereum-2-0-launch-will-turn-staking-into-a-40-billion-industry\">Proof-of-Stake<\/a> consensus would turn crypto staking into an industry worth $40 billion a year.<\/p>\n<p>Earlier in June, Sygnum offered clients <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-sygnum-offers-trading-and-custody-of-defi-tokens\">storage and trading services for DeFi project tokens<\/a>.<\/p>\n<p>Follow ForkLog on Twitter at <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss-regulated cryptocurrency bank Sygnum expanded its range of services, giving clients access to Ethereum 2.0 staking.<\/p>\n","protected":false},"author":1,"featured_media":45603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1289,46,1316],"class_list":["post-45602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cryptocurrency-staking","tag-ethereum","tag-sygnum"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45602"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45602\/revisions"}],"predecessor-version":[{"id":45604,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45602\/revisions\/45604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45603"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}