A FINMA-licensed Swiss digital bank, Seba, announced the launch of a program allowing clients to earn yield on their crypto holdings. The bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.”
Seba Bank – digital asset banking platform – licensed by the Swiss Financial Market Supervisory Authority (FINMA), on Wednesday announced the launch of ‘Seba Earn’. The Switzerland-based bank said that the new offering is “an institutional-grade solution enabling clients to earn yield on their crypto holdings.”
According to the announcement:
“The launch of Seba Earn caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (defi), and centralized lending and borrowing.
Seba Earn’s comprehensive staking management platform will enable institutions and individuals to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano, with more protocols coming in the coming months.
Seba Earn will also provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.”
The bank also noted that it “will continue integrating support for additional coins.”
Guido Buehler, CEO of Seba Bank, said:
“It is clear that as institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, defi and centralized crypto borrowing and lending.”
Source: Swiss Digital Bank Seba Lets Clients Earn Yield From Their Crypto Holdings – Fintechs.fi