SEBA Bank Introduces Program for Clients to Earn Yield on Crypto

0
96

Digital-asset platform SEBA Bank has launched a product that can enable shoppers to earn yield on their crypto holdings.

  • The Zug, Switzerland-based agency’s SEBA Earn will let establishments generate earnings from proof-of-stake protocols similar to Polkadot, Tezos and Cardano, with different networks being added over time.
  • The platform will even allow traders to lend bitcoin and ether by means of SEBA Bank, the corporate stated Wednesday.
  • Swiss monetary regulator FINMA-licensed SEBA says will probably be the primary totally regulated financial institution to provide traders entry to yields in decentralized finance (DeFi) protocols.
  • Launched in 2018 as a crypto-first banking service, SEBA gives cryptocurrency buying and selling and custody to institutional shoppers. It obtained a Swiss banking license from FINMA in 2019, the primary time an organization whose core enterprise was in digital property was licensed as such by the regulator.

Read extra: BVNK Aims to be Crypto Bank in All But Name