DeFi & Banking: Reports from Swiss Bank Sygnum

Sygnum Bank (Switzerland) is one of the banks that has successfully integrated DeFi platform into their services. This includes different tokens, such as Aave, Aragon, Curve, Maker, Synthetix, Uniswap, and 1inch Network.

Users can also participate in banking facilities using stablecoins. The bank is also planning to create additional products and services that generate a high yield. These products will be beneficial for various financial institutions, including banks, lending company’s, and hedge funds.

Sygnum has partnered with METACO, a firm that provides vault services to different banks such as BBVA, Standard Chartered, among several others.

These DeFi services can work on either Proof-of-Stake or Proof-of-Work protocols. The bank offers excellent facilities which make the task of customer onboarding a lot less hectic. Aave CEO Stani Kulechov agrees on this point. He also mentions that he is ecstatic about this collaboration, and the future ones.