SEBA Bank has launched staking services to enable institutions to earn rewards on Proof-of-Stake protocols including Polkadot, Tezos, and Cardano.
The FINMA-licensed digital assets banking platform is addressing market demand for institutional-grade digital asset yield and earning services.
SEBA Earn, the institutional-grade solution enabling clients to earn yield on their crypto holdings, is a comprehensive earning service that includes staking, DeFi, and centralized lending and borrowing.
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.”
The 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, has led SEBA to go forward with the product.
Institutions and individuals now can generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano, with more protocols coming in the coming months.
The DeFi is said to be reaching a total value of over USD 80 billion, but there’s still lack of regulated counterparties to provide services in the space. SEBA Bank will be the first regulated bank to offer a FINMA licensed gateway to access yields in permissioned DeFi protocols.
The service also features centralized lending and borrowing services, so users can generate yield by lending Bitcoin and Ethereum directly with SEBA Bank.
The fiat-to-crypto bank has recently expanded its DeFi offering with support added for Aave (AAVE) and Chainlink (LINK) tokens, two pioneers in decentralized finance with a combined market cap in excess of USD 12 billion.
Institutions and inviduals can manage these DeFi tokens across its service offering, including investment, custody, and trading. The bank is also integrating a number of ERC-20 tokens supported on its hot storage custody solution into its proprietary institutional-grade cold storage custody infrastructure. These include: USD Coin (USDC), Uniswap (UNI), Yearn Finance (YFI), Synthetix (SNX), Chainlink (LINK), and Aave (AAVE).
The bank’s digital asset banking services are supported by SEBA Research, providing analytics and insights in compliance with the Swiss Bankers Association research guidelines.
SEBA BAnk combines quantitative metrics and in-depth qualitative analysis as part of its selection process of digital assets, including value accrual mechanism, tokenomics, and the underlying protocol.