SEBA Bank Rolls Out Yield Earning Program For Holders of Cardano, Tezos, Polkadot
SEBA Bank, a fully regulated Switzerland-based financial institution that offers several crypto services to its clients, announced that customers will now be able to earn yield on their digital asset holdings.
SEBA Launches Yield Earning
According to an official press release, SEBA Bank has launched a new institutional-grade solution dubbed SEBA Earn, which will allow crypto holders to earn yield on their digital currencies.
The bank noted that the sharp growth witnessed within the DeFi space, with over $80 billion locked in across different protocols, had whetted the appetite of numerous institutional clients for various earning services, including staking, centralized lending, and borrowing.
The SEBA Earn program will provide both institutional and retail investors with a transparent and secure path to generate yields from their crypto investments.
“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,” said Guido Buehler, SEBA Bank’s CEO.
He added, “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.”
More Staking Options to Follow
The Swiss crypto bank further added that investors can use its lending and borrowing services to earn yield on the SEBA Earn program by lending BTC and ETH directly on the platform, with more coins scheduled to be added later.
Currently, customers can generate yield on different supported blockchain networks, including Polkadot, Tezos, and Cardano. SEBA, however, revealed its intentions to add more protocols in the coming months.
With the launch of SEBA Earn, the company will be the first regulated bank to offer investors access to yield earnings in various DeFi protocols.
Founded earlier in 2018, SEBA is one of the first digital assets-focused banks in Switzerland to receive a license from the country’s regulatory body, the Swiss Financial Market Authority (FINMA).