Sygnum Bank Middle East announces the launch of Sygnum Validators, a new service launched from Abu Dhabi Global Market (ADGM) which includes operating institutional-grade validator nodes for select blockchain networks that enable non-custodial staking. The first validator to launch supports the Solana network, enabling eligible SOL token holders to delegate their crypto-assets and get rewards.
This service enhances the ADGM’s role as a Web3 hub. Institutional-grade validator nodes are said to be vital to the security and resilience of Web3 networks.
However, Sygnum claims that until now few institutions with experience in regulated environments have actually stepped in to offer them.
As explained in the announcement, validator nodes are the backbone of blockchain networks, and Sygnum’s service allows eligible token holders to delegate digital assets to Sygnum’s validator nodes “without transferring custody to Sygnum.”
This approach brings together the security as well as reliability of institutional-grade infrastructure with the “flexibility and control” of self-custody.
Sygnum brings experience in operating validator nodes across blockchain networks, having managed validator nodes for Cosmos and the Internet Computer, for instance.
Sygnum’s participation in protocol ecosystems, and involvement in protocol governance, showcases its crypto-native expertise.
Token holders can benefit from earning staking rewards “without transferring custody of their assets, with no client onboarding necessary.”
By using Sygnum’s infrastructure and security, users maintain full control and flexibility over their digital assets and “help secure Web3 while earning staking rewards.”
The Solana validator launch marks the “first” in a planned series of Sygnum Validators across select blockchain networks.
Token holders can start delegating to Sygnum’s Solana validator via their wallet interface.
As covered, Sygnum enables professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets
Their team enables this via “institutional-grade” security, personal service and portfolio of digital asset banking, asset management, tokenization and B2B services.
In Switzerland, Sygnum maintains a banking license and has CMS and Major Payment Institution licences acquired in the city-state of Singapore. The group is also regulated in the financial hubs of Abu Dhabi and Luxembourg and has registered operations in Liechtenstein.
