Thomas Eichenberger News Today

The rise of cryptocurrencies has spurred central banks and private firms to redesign money, including the Swiss franc.

News Crypto-focused Swiss bank Sygnum Bank hannounced that it has become the first bank in the world to allow its clients to stake Ether (ETH). According to Tuesdays blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to 7% annually. Sygnum describes itself as the “world’s first digital asset bank,” having secured a banking license in Switzerland and a capital markets services license in Singapore during August 2019 a...