{"id":573933,"date":"2022-08-02T16:37:35","date_gmt":"2022-08-02T15:37:35","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=573933"},"modified":"2022-08-02T17:27:53","modified_gmt":"2022-08-02T16:27:53","slug":"cardano-ada-staking-goes-live-sygnum","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/cardano-ada-staking-goes-live-sygnum\/","title":{"rendered":"Cardano (ADA) Staking Goes Live On Swiss Digital Bank Sygnum Along With ETH 2.0, ICP, And Tezos"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul><li>Sygnum has added Cardano staking to its bank-grade yield-generating portfolio.<\/li><li>The banks&#8217; users can now take ADA tokens on a platform with Institutional-grade security, per the announcement.<\/li><li>&nbsp;ADA becomes the fourth crypto asset to join Sygnum&#8217;s portfolio along with Ethereum 2.0 and Tezos.<\/li><li>This comes as the Cardano community buckles up for the upcoming Vasil Hard Fork, despite several delays.<\/li><li>Founder Charles Hoskinson said that final testing is underway and no further delays should emerge.&nbsp;<\/li><\/ul>\n\n\n\n<p>Swiss-based digital bank Sygnum <a href=\"https:\/\/www.insights.sygnum.com\/post\/sygnum-bank-expands-bank-grade-staking-with-cardano-ada\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">unveiled<\/a> Cardano\u2019s governance token ADA as the latest addition to the institutions\u2019 staking service. Customers have the option to stake ADA through Sygnum\u2019s bank-grade yield facility as the bank expands its cryptocurrency offerings.<\/p>\n\n\n\n<p>ADA, the eighth-largest crypto in the world, joins Ethereum 2.0 (ETH), Internet Computer Protocol (ICP), and Tezos (XTZ) as the fourth crypto on <a href=\"https:\/\/www.forbes.com\/sites\/martinrivers\/2022\/04\/21\/the-worlds-first-regulated-crypto-bank-braces-for-flood-of-institutional-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sygnum<\/a>\u2019s staking portfolio at press time.<\/p>\n\n\n\n<p>The ADA staking option is integrated into the bank\u2019s digital platform and boasts institutional-grade security. Such guarantees are supposedly possible by leveraging multi-layer security protocols, secure private key management, and a segregated wallet system.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udcf0 \ud83d\udce3 News: Sygnum Bank expands bank-grade staking portfolio with the Cardano blockchain\u2019s native cryptocurrency, ADA<br><br>Read the full announcement here \ud83d\udc47<a href=\"https:\/\/t.co\/WlJkJ7Q20I\" rel=\"nofollow\">https:\/\/t.co\/WlJkJ7Q20I<\/a><\/p>&mdash; Sygnum Bank (@sygnumofficial) <a href=\"https:\/\/twitter.com\/sygnumofficial\/status\/1554349276985278464?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 2, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The world\u2019s first digital bank first launch its yield-generating decentralized finance (DeFi) investment package earlier in April 2022. Staking select crypto tokens was a component of this investment solution per reports.&nbsp;<\/p>\n\n\n\n<p>Staking involves locking up your crypto tokens for a period of time in exchange for yield or passive income. Your tokens are also put to work on a Proof-of-Stake blockchain and involved in validating transactions.<\/p>\n\n\n\n<p>Commenting on the news, Head of Business Units at the Swiss bank, Thomas Eichenberger noted that the latest addition improves the bank-grade staking services available to clients. Eichenberger added that the bank sees a rise in the yield demand as crypto protocols grow.<\/p>\n\n\n\n<h2>Cardano\u2019s Vasil Hard Fork Almost Here As Sygnum Onboards ADA<\/h2>\n\n\n\n<p>The latest staking development comes at a time when the ADA community has much anticipation for the Vasil Hard Fork. As previously reported, the mainnet launch of the update was <a href=\"https:\/\/en.ethereumworldnews.com\/cardano-ada-vasil-hard-fork-pushed\/\" target=\"_blank\" rel=\"noreferrer noopener\">delayed<\/a> due to bugs and other factors.&nbsp;<\/p>\n\n\n\n<p>However, founder Charles Hoskinson assured the community that <a href=\"https:\/\/en.ethereumworldnews.com\/cardanos-vasil-hard-fork-upgrade-is-now-live-on-testnet\/\" target=\"_blank\" rel=\"noreferrer noopener\">testing<\/a> is now in the final stages and further delays are not expected. Hoskinson also opined that more news should surface later in August 2022.<\/p>\n\n\n\n<figure class=\"wp-container-2 wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped\">\n<figure class=\"wp-block-image size-large\"><img width=\"700\" height=\"400\" data-id=\"573936\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Charles-Hoskinson.png\" alt=\"\" class=\"wp-image-573936\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Charles-Hoskinson.png 700w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Charles-Hoskinson-300x171.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Charles-Hoskinson-500x286.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Charles-Hoskinson-269x154.png 269w\" sizes=\"(max-width: 700px) 100vw, 700px\" title=\"\"><figcaption>Cardano Founder Charles Hoskinson (Source: Nas Acamedy)<\/figcaption><\/figure>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Cardano ADA staking added to Sygnum staking services ahead of Vasil Hard Fork.<\/p>\n","protected":false},"author":55,"featured_media":572713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,2],"tags":[108079,108080,108240,314],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573933"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=573933"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573933\/revisions"}],"predecessor-version":[{"id":573938,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573933\/revisions\/573938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/572713"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=573933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=573933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=573933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}