Switzerland-based Sygnum Bank is helping institutional clients get staking rewards from the new Ethereum network. And they’re not alone.
Custody and trading services for DeFi tokens is the first step, to be followed by a suite of yield-generating products.
The Swiss digital asset bank will follow up with a suite of services for ICP including loans, spot trading and options trading.
The licensed Swiss firm claims to be the first regulated bank to offer returns on its own stablecoin.
Bordier & Cie clients will be able to buy, hold and trade digital assets such as bitcoin, ethereum, bitcoin cash and tezos.
SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.
Regulated crypto banks SEBA and Sygnum each issued tokenized securities to mark the occasion.
In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.
The regulated Swiss firm is now eyeing a dual listing of shares in Switzerland and Singapore in partnership with the SIX Digital Exchange.
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers.
The Swiss-licensed firm has launched a tokenization service and a trading platform, offering, it says, real-time settlement.
Sygnum Bank now offers trading and staking of Tezos, its first listing of a proof-of-stake cryptocurrency.
Taurus Group has taken on licensed Swiss bank Sygnum as the latest client for its digital asset custody services.