Sygnum has become the world’s first bank to offer Ethereum 2.0 staking.
The digital asset bank based out of Switzerland will allow clients to securely stake Ethereum through its banking platform. Currently, Ethereum staked through Sygnum can generate yields of up to 7% per annum.
Ethereum 2.0 is a scalability upgrade to the Ethereum network, shifting the network from a mining model to a staking model. Staking is the process of participating in transaction validation.