Summary: Swiss-based Sygnum Bank announced this week that it is currently storing digital assets with Taurus Group. On Friday, the bank also revealed that customers of this FINMA approved company can use the Tezos network to purchase and mortgage XTZ.
Headquartered Sygnum announced this week that it is currently storing digital assets with Taurus Group. On Friday, the bank also revealed that customers of this FINMA-approved company can use the Tezos network to purchase and XTZ.
Sygnum detailed the node system and storage framework that the company will use Taurus. According to the company’s portal, Taurus claims to provide “the safest, most compliant, and most reliable digital asset infrastructure and tools.”
In addition to its cooperation with Taurus, Sygnum Bank also announced that it will allow customers to purchase and mortgage tokens from the Tezos network.
Sygnum said on Friday: “This is the first time that XTZ can deposit and mortgage in a regulated bank, enabling customers to participate in the Tezos network and receive up to 5% of mortgage rewards each year.” The bank plans to provide it through various digital asset networks in the future. Other mortgage services.
Martin Burgherr, chief customer officer of Sygnum Bank, said in a statement: “We strongly support Tezos and its unique liquidity proof-of-stake governance mechanism, which is in line with Sygnum’s values.”
“By staking XTZ, our customers can obtain a unique asset, provide mortgage income, and enable them to construct their digital asset portfolio in a more creative way. Tezos is the first proof of stake (PoS) on the Sygnum banking platform. ) Tokens, we will continue to expand the product range on this platform to provide customers with more choices,” Burgherr added.
Sygnum was founded in 2018 by Gerald Goh, Luka Muller and Mathias Imbach. All digital assets of the bank are screened through Sygnum’s proprietary AML tool. In addition, in order to maximize the private key storage capacity, Sygnum’s key ceremony has also been audited by ISAE 3000.
Sygnum customers can also use legal currencies such as U.S. dollars, Swiss francs, and euros through this Swiss bank’s digital currency service platform.
This year, the number of Swiss banking services that provide customers with digital currency products has increased significantly, a trend that is much higher compared to other countries. In addition, the U.S. Office of the Comptroller of the Currency (OCC) now allows the Federal Savings Association and National Bank based in the United States to hold stable currencies.
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