UAE regulated Sygnum Bank Middle East has launched 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.
As per the press release, the first validator to launch supports the Solana network, allowing eligible SOL token holders to delegate their assets and earn rewards. The Solana validator launch marks the first in a planned series of Sygnum Validators across select blockchain networks. Token holders can begin delegating to Sygnum’s Solana validator immediately through their preferred wallet interface.
Institutional-grade validator nodes are critical to the security and resilience of Web3 networks, but until now few institutions with experience in regulated environments have stepped in to provide them. Validator nodes are the backbone of blockchain networks, and Sygnum’s new service enables eligible token holders to delegate their digital assets directly to Sygnum’s validator nodes without transferring custody to Sygnum.
The approach combines the security and reliability of institutional-grade infrastructure with the flexibility and control of self-custody.
“Sygnum Validators represents our broader commitment to supporting the growth and resilience of the Web3 economy beyond regulated banking services,” said Giulia Finkbeiner-Bertoni, Senior Executive Officer of Sygnum Bank Middle East.
Lukas Doebelin, Sygnum Head of Validator Nodes & Platform Infrastructure added: “We’re making it possible for eligible token holders to benefit from our expertise in blockchain infrastructure while keeping custody and control of their assets.”
Token holders can benefit from earning staking rewards without transferring custody of their assets, with no client onboarding necessary. By leveraging Sygnum’s institutional-grade infrastructure and security, users maintain full control and flexibility over their digital assets and help secure Web3 while earning staking rewards.
