The SEBA Bank digital asset platform has introduced a product that will allow clients to generate a return on their crypto holdings.
- The Zug, Switzerland-based company’s SEBA Earn will allow institutions to generate income from proof-of-stake protocols such as Polkadot, Tezos and Cardano, with more networks being added over time.
- The platform will also allow investors to lend bitcoin and ether through SEBA Bank, the company said on Wednesday.
- FINMA-approved Swiss financial regulator SEBA has said it will be the first fully regulated bank to offer investors access to decentralized finance protocol (DeFi) returns.
- Launched in 2018 as the first cryptocurrency banking service, SEBA offers cryptocurrency trading and custody to institutional clients. It received a Swiss banking license from FINMA in 2019, the first time that a company whose core business was digital assets was authorized as such by the regulator.
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