Cardano (ADA) Staking Now Supported by This Swiss Bank


Alex Dovbnya

Sygnum Bank’s clients will be able to stake eighth largest cryptocurrency

Sygnum Bank, the first regulated digital asset bank in the world, has added support for Cardano (ADA) staking, according to a blog post published on Aug. 2.

The bank says that it offers institutional-grade security for its clients.

Cardano started offering staking rewards with the launch of the Shelley mainnet back in July 2020. Holders of the ADA cryptocurrency can delegate their tokens to staking pools and earn interest. As of now, 3,180 pools are online.

Apart from Cardano, the Switzerland-based bank also supports Tezos Ethereum (ETH) and other popular proof-of-stake cryptocurrencies.

In June, Sygnum Bank introduced services for a range of digital assets from the decentralized finance sector.

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