According to Mathias Schütz, SEBA Bank’s Head of Technology & Client Solutions, “The launch of our Ethereum staking services will enable institutional investors to play a key role in securing the future of the network, via a trusted, secure and fully regulated counterparty.”
Switzerland’s SEBA Bank integrated support for Ethereum staking just a few days before the much-anticipated Ethereum Merge goes live. This makes SEBA one of the several platforms that have begun adding support for Ethereum staking, with Binance being the most recent example.
SEBA claims the platform added Ethereum staking to meet the growing demand for digital asset yield, crypto staking, and other DeFi services. The official report released by SEBA bank states that the new staking product will allow institutional clients to earn monthly rewards with adjustable lock-ups and a cost-effective fee structure once Ethereum shifts from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.
Mathias Schütz added,
“By launching support for Ethereum staking we continue to deliver our clients the cutting-edge technology that they need to stay apace with the rapidly evolving digital assets industry.”
Besides Ethereum, SEBA currently provides support for staking Cardano (ADA), Tezos (XTZ), and Polkadot (DOT).
Moreover, SEBA assures that users’ staked assets will be secured by “an institutional-grade custody solution” in addition to a regulatory environment that provides features such as insurance and deposit protection.
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