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Sygnum: Becomes first bank to launch Tezos staking | Fintech InShorts: Latest fintech news, analysis by experts

Sygnum: Awarded Abu Dhabi in-principle approval

Less than 1 min.Read

Sygnum: Becomes first bank to launch Tezos staking

By Laura M

November 8, 2020

Sygnum the world’s first digital asset bank, and a digital asset specialist with global reach
Sygnum becomes the first bank to launch Tezos staking with stake rewards of up to 5% annually
For the first time, XTZ deposited and staked with a regulated bank, enabling clients to participate in the Tezos network
Sygnum clients can rely on the bank’s independently-confirmed tax impact assessment reports which are available on-demand via e-banking
Tezos a highly-scalable smart contract platform with an innovative governance model that automatically evolves and upgrades itself to ensure stability
Tezos’ singular LPoS consensus mechanism enables the protocol to routinely adapt and adopt new features natively and automatically

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