Sygnum Bank Launches Tezos Staking: A Milestone in Regulated Crypto Services

Sygnum Bank Launches Tezos Staking: A Milestone in Regulated Crypto Services

Sygnum Bank, the world’s first regulated digital asset bank, has taken a significant step in crypto adoption by introducing staking services for Tezos (XTZ). This move makes Sygnum the first regulated bank to offer purchase, custody, trading, credit, and staking services for Tezos, a leading open-source blockchain protocol.

Starting today, Sygnum clients can deposit and stake their XTZ tokens directly with the bank, earning staking rewards of up to 5% annually.

What Sets Sygnum’s Tezos Staking Apart?

Seamless and Secure Staking Services

Sygnum’s Tezos staking service offers unparalleled security and convenience:

• Immediate Staking Rewards: Clients can start earning rewards as soon as they stake their XTZ.
• No Lock-Up Periods: Staking positions can be exited anytime, providing maximum flexibility.
• E-Banking Integration: Clients can access staking transactions and independently-confirmed tax impact reports directly through Sygnum’s e-banking platform.

Thorough Validator Selection

Sygnum conducts comprehensive due diligence on the Tezos validators (bakers) it offers, ensuring reliability and security for its clients. This rigorous selection process adds an extra layer of trust to the staking process.

Why Tezos?

Tezos is a cutting-edge blockchain platform that supports smart contracts and decentralized applications (DApps). Known for its Liquid Proof-of-Stake (LPoS) consensus mechanism, Tezos allows token holders to delegate tokens to validators to earn rewards while contributing to network security.

Tezos’ Unique Features

• Self-Upgrading Mechanism: Tezos can automatically adapt and integrate new features without requiring disruptive hard forks.
• Institutional-Grade Security: Its secure smart contracts make it ideal for high-value applications.
• Resilient Ecosystem: Backed by a global community of over 1,300 validators, researchers, and developers.

Integrated Digital Asset Services

Sygnum offers an integrated ecosystem for its clients, enabling them to use fiat currencies like CHF, EUR, SGD, and USD to:

• Buy, Hold, and Trade XTZ: Diversify their digital asset portfolios securely.
• Access Fiat Liquidity: Obtain lombard loans against their XTZ holdings.
• Seamlessly Settle Transactions: Use Sygnum’s Digital CHF token for instant settlements.

Each client’s assets are held in individually segregated wallets, eliminating counterparty risks and ensuring top-tier security.

Sygnum’s Multi-Custody Platform

Sygnum’s Tezos staking service is part of its multi-custody platform, which includes:

• Taurus Protect: A strategic partnership for secure asset custody.
• Custodigit Integration: Leveraging Metaco technology for institutional-grade asset management.
• Swiss HSM Provider Securosys: Securely custodizing Digital CHF tokens and other assets.

With its open banking API management layer, Sygnum offers a range of services to banks and financial institutions, continually expanding its offerings to meet client needs.

What Industry Leaders Are Saying

Sygnum Bank

Martin Burgherr, Chief Clients Officer at Sygnum, emphasized the importance of Tezos staking:

“We are strong supporters of Tezos and its unique Liquid Proof-of-Stake governance mechanism, which aligns with our Sygnum values. With XTZ staking, our clients can access a unique asset which offers staking rewards and enables them to structure their digital asset portfolios in more creative ways.”

Tezos Foundation

David Fuchs, Head of Enterprise Adoption EMEA at the Tezos Foundation, remarked:

“Sygnum’s offering of Tezos staking services serves as validation of the network’s security and longevity. This is yet another step on the path towards major institutional and enterprise adoption.”

The Future of Regulated Crypto Staking

By integrating Tezos staking into its regulated banking services, Sygnum is paving the way for broader institutional adoption of blockchain technology. Its secure, scalable, and user-friendly platform serves as a benchmark for how traditional financial institutions can embrace digital assets responsibly.

Conclusion

Sygnum Bank’s launch of Tezos staking marks a significant milestone in the evolution of regulated crypto services. With features like no lock-up periods, secure custody, and integrated fiat capabilities, Sygnum offers clients a seamless way to earn rewards while diversifying their portfolios.

As institutional and retail interest in digital assets continues to grow, Sygnum’s innovative approach highlights the potential for blockchain technology to reshape traditional banking.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.