Seba, a FINMA-licensed Swiss bank, has launched a program that allows customers to earn interest on their cryptocurrency holdings. Furthermore, the bank will “support centralized lending and borrowing services, allowing investors to generate yield by lending bitcoin and ethereum directly to Seba Bank.”
Seba Earn enables clients to earn rewards from cryptocurrency investments.
Seba Earn was launched on Wednesday by Seba Bank, a digital asset banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA). The new offering was described as “an institutional-grade solution enabling clients to earn yield on their crypto holdings” by the Swiss-based bank.
The bank elaborated, noting that “the launch of Seba Earn caters to growing demand from institutions to manage a range of digital asset yield use cases ranging from staking to decentralized finance (defi), and centralized lending and borrowing.”
Seba Earn’s comprehensive staking management platform will allow institutions and individuals to earn rewards from their crypto investments on networks such as Tezos, Polkadot, and Cardano, with more protocols to follow in the coming months.
Furthermore, the announcement states:
Seba Earn will also support centralized lending and borrowing services, allowing investors to generate returns by lending bitcoin and ethereum directly to Seba Bank.
In addition, the bank stated that it “will continue to integrate support for additional coins.”
“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,” said Guido Buehler, CEO of Seba Bank.