Sygnum Bank adds staking support, storage, trade and lending for Tezos

Sygnum became the first adjustable bank, Launching steaking, Castodial services, Trade and lending for Tezos (XTZ). Bank customers can receive annual income up to 5% For participation in stakeing.

According to the Swiss bank Sygnum, financial customers Organizations are now available various services support for TEZOS, Including steaging on the network, Castodial services, Trade and lending. Sygnum conducts a comprehensive legal verification of the chosen group of thazos validators, available on the platform.

Sygnum customers can participate in the XTZ stake directly through the bank and receive remuneration in the amount of 5% in year. Since there is no minimum period of withdrawal, From the positions on stakeing you can get out at any time. Clients can access transactions and independently confirmed tax reports, available on request via electronic banking.

Sygnum is regulated by the Swiss Service for Supervision of Financial Markets (Finma) and offers a number of services in the field of digital assets with an emphasis on the B2B market. Head of the implementation department at the enterprises of European countries, Middle East and Africa in Tezos Foundation David Fuchs (David Fuchs) said:

“The offer of steaking services for Tezos is confirming the security and durability of the network, And it will be another step towards the wide implementation of technology at institutional and corporate levels ".

Sygnum customers can use traditional deposits in fiat currency, Including the Swiss francs, euro, Singapore dollars and US dollars, For safe purchase, XTZ storage and trade, as well as for further diversification of their portfolio assets portfolios. They can also increase the liquidity of fiat currency with the help of a collateral loan under their XTZ.

The assets of each client are stored in reliably protected individual wallets and are available on the licensed platform of the Sygnum electronic banking from anywhere in the world. Clients Director Martin Burgerr (Martin Burgherr) said:

“We strongly support Tezos and its unique Liquid Proof-Of-Stake Management mechanism, which corresponds to Sygnum values. Thanks to XTZ stake, our customers can access a unique asset, which offers a reward for staining and allows them to more creatively structure their portfolios of digital assets ".

Recall, that in March Sygnum presented a digital version of the Swiss Frank (Dchf) for quick and economical calculations with securities. In August, the largest online retailer of Switzerland Galaxus in partnership with Coinify held the first payment using a digital Swiss franc.