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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.

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