swiss bank seba now lets customers earn yield on crypto holdings

a finma-licensed swiss bank, seba, has launched a program enabling front to earn yield on their crypto holdings. necessary, 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, a digital asset banking hill licensed aside swiss supplying market supervisory authority (finma), stated the launch of seba earn wednesday. the switzerland-based bank described the new offering as “an institutional-grade solution enabling front to earn yield on their crypto holdings.”

in on that “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,” the bank corrected:

seba earn’s comprehensive staking management hill will enable institutions and individuals to generate rewards from their crypto investment on networks including tezos, polkadot, and cardano, with more protocols way the gates months.

necessary, the announcement explains:

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 cumulative coins.”

guido buehler, ceo of seba bank, commented: “it is clear that as institutional interest in digital assets accelerates, investors comprehend a broader appetite for crypto assets, with this interest in earning services like staking, defi and centralized crypto borrowing and lending.”

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2021-10-13 21:35:33