Indeed, the world’s first digital asset bank revealed that ‘clients can conveniently and securely stake Cardano’ through the bank’s institutional-grade platform ‘to generate staking rewards,’ as per a press release. Cardano joins Sygnum’s expanding portfolio of bank-grade staking protocols, which also features Ethereum 2.0 (ETH), Internet Computer Protocol (ICP), and Tezos (XTZ), so clients can stake Cardano from their existing wallets and earn staking rewards. The staking services offered by Sygnum are completely integrated with the banking platform it utilizes. Institutional-grade security is assured by segregated wallets, secure private key management, and multi-layer security architecture. Head of Business Units at Sygnum Bank, Thomas Eichenberger, stated: Staking is the practice of actively participating in the validation of transactions on a Proof-of-Stake blockchain in return for staking rewards. Furthermore, Staking services are an essential component of Sygnum’s regulated offering and can be easily accessible by customers via Sygnum’s eBanking Platform. He added:
Cardano founder doesn’t anticipate more hard fork delays
Meanwhile, just a day before the announcement by Sygnum, Cardano founder Charles Hoskinson reassured users that the Vasil hard fork he does not anticipate further delays and that the upgrade is presently undergoing final testing. He noted things are moving in the right direction ‘steadily and systematically.’ The founder of Cardano mentions that there are only a few ‘edge situations’ that need to be fixed, and the Cardano team will hopefully be ready to deliver an update with more news around the middle of August.
