SEBA launches FINMA-licensed staking service for Polkadot, Tezos, Cardano

Rick Steves

The service also supports centralized lending and borrowing services for investors to generate yield by lending Bitcoin and Ethereum directly with SEBA Bank.

SEBA Bank, FINMA licensed digital assets banking platform, is going deeper into the cryptoverse with the launch of an institutional-grade solution enabling clients to earn yield on their crypto holdings.

SEBA Earn is the Switzerland-based fiat-to-crypto bank’s staking service. This means that institutions and inviduals can earn rewards on Proof-of-Stake protocols including Polkadot, Tezos, and Cardano, with more DeFi protocols to be announced.

SEBA is addressing the growing demand for DeFi products. It has recently made several decentralized finance tokens available for trading, including Aave (AAVE) and Chainlink (LINK).

The bank had also integrated a number of ERC-20 tokens supported on its hot storage custody solution into its proprietary institutional-grade cold storage custody infrastructure: USD Coin (USDC), Uniswap (UNI), Yearn Finance (YFI), Synthetix (SNX), Chainlink (LINK), and Aave (AAVE).

Institutions and individuals can manage these DeFi tokens across its service offering, including investment, custody, and trading.

Now, SEBA is going one step further. SEBA Earn provides a comprehensive earning service that includes staking, DeFi, and centralized lending and borrowing.

The DeFi industry has rapidly grown to reach a total value of over USD 80 billion and more institutions and investors want in.

SEBA Bank will be the first regulated bank to offer a FINMA licensed gateway that will enable professional and institutional investors to access yields in permissioned DeFi protocols, the firm announced.

The service also supports centralized lending and borrowing services for investors to generate yield by lending Bitcoin and Ethereum directly with SEBA Bank.

Guido Buehler, CEO of SEBA Bank, commented: “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.

“SEBA Earn, our comprehensive digital asset earning offering, provides professional and institutional players with a flexible platform and a trusted, regulated provider to securely enter the space. Innovation is a core tenet of our philosophy at SEBA Bank and I am excited to demonstrate our industry-leading innovation in delivering our clients the cutting-edge technology that they need to stay apace with the rapidly evolving digital assets industry.”

SEBA has recently been granted the first FINMA license to manage crypto funds. This means the crypto specialized bank is authorized to offer Swiss domiciled funds a safe and progressive investment capability within the crypto and digital assets space.

The bank will now be able to provide one of the first institutional-grade custody solutions globally for collective investment schemes with liquid crypto or digital assets as the underlying investment universe, for professional investors.

The institution’s digital asset investment activities are now enhanced with its digital custody services for Swiss domiciled mutual funds, which enable liquid investment funds with crypto or other digital assets as an underlying investment class.

Read this next

Institutional FX

Deutsche Bank goes live with its FX pricing and trade engine in Singapore

Deutsche Bank has gone live with its electronic foreign exchange pricing and trading engine in Singapore, where demand for currency trading among institutional players is on the rise.

Retail FX

CySEC extends the suspension of Depaho license until November 19

The Cyprus Securities and Exchange Commission (CySEC) has decided to extend further the suspension of the license of the Cyprus investment company Depaho Ltd, which operates the retail FX brands GTCM, FXGM and TRADEAPP.

Retail FX

CAPEX.com introduces QuantX, a tool to build automated portfolio

Multi-licensed broker CAPEX.com has rolled out a new portfolio platform, QuantX, which uses a client’s risk tolerance assessment and other criteria to create fully customized investment portfolios.

Digital Assets

Ripple scores major win: Judge orders SEC to explain…a lot

The SEC is ordered to explain, among other things, how the Howie test applies to XRP, what is the status of Ether and Bitcoin, and the sale of XRP as investment contracts.

Retail FX

Trade CFDs on 900+ of the Biggest Companies this Earnings Season with HotForex

Traders with the internationally acclaimed multi-asset broker HotForex can trade CFDs on the stocks of over 900 companies during Earnings Season with tight spreads, flexible leverage, negative balance protection and the many other advantages that have made it an honest, open and transparent broker of choice to over 2.5 million traders around the world.  

Digital Assets

Polygon (MATIC) double spend bug yields $2 million bounty for developer

Polygon, the Layer 2 solution on top of Ethereum, has recently paid out the highest ever bug bounty in history to a whitehat developer Gerhard Wagner for pointing out a double-spend bug in the network which could have resulted in huge losses if it had been exploited.

Digital Assets

KuCoin aims to become largest social trading platform in crypto

KuCoin was founded in September 2017 and it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries.

Digital Assets

Apifiny’s crypto trading network adds Instant Transfers for best bid and offer

Instant transfers significantly enhance Apifiny Connect, allowing traders to more efficiently buy and sell on 25 connected markets across six continents.

Retail FX

iFOREX clients can follow two experts trading in real time

Trading Rooms’ access will be free of charge for active traders who open an account with the broker.

<