Pro-crypto bank Sygnum Bank reportedly doubled down on its expansion of crypto offerings, via introducing supporting features for Cardano (ADA) staking.

Specifically, as revealed by Sygnum on August 2nd, the company has widened the scope of its bank-grade staking service with Cardano, making it possible for customers to generate rewards by staking ADA via the bank’s institutional-grade platform.

ADA reportedly became a part of Sygnum’s growing crypto-staking portfolio, which also include three proof-of-stake (PoS) protocols; Internet Computer, Tezos, and soon, Ethereum 2.0.

Per the announcement, staking offerings reportedly account for an integral part of Sygnum’s platform and will be rolled out to customers via the bank’s eBanking platform. 

The services reportedly underwent full integration with Sygnum’s banking platform, which is built with a goal to offer institutional-grade security via applying segregated wallets, secure private key management, and other tools.

A top-tier bank in Switzerland with proper regulations, Sygnum reportedly introduced cryptocurrency staking approximately two years ago, via a Tezos staking release in November 2020. Sygnum further disclosed in July last year details of its intention for offering Ethereum 2.0 staking on its platform.

The inclusion of Sygnum-based Cardano staking is reportedly aimed at growing the digital asset exposure to different institutional investors. Following a tenfold increase in gross revenues in 2021, Sygnum’s institutional client base was nearing 1,000 by early 2022, the firm announced in January.

“This new offering allows Sygnum’s clients to participate in our ecosystem, where they enjoy a risk-free staking experience without having to transfer the asset nor lock it,” Cardano Foundation CEO Frederik Gregaard additionally remarked.