The Swiss cryptocurrency bank SEBA has announced the SEBA Earn service. This solution will allow institutional and individual clients to generate passive income from their crypto assets.
the announcement SEBA Bank announced that its clients will be able to receive income under the SEBA Earn program. The bank offers its clients three services:
Staking using the DPoS protocol.
Lending and borrowing in Bitcoin (ETH) and Ethereum (ETH).
Internal centralized loans in cryptocurrencies with interest income.
The SEBA Earn platform now allows you to profit from staking on the Polkadot (DOT), Tezos (XTZ) and Cardano (ADA) blockchains. In the future, the bank will add support for other blockchains.
The announcement does not indicate restrictions on the categories of customers who can use the staking service. However, it mentions “institutional and professional investors”. The service is likely to be available to private investors, starting with a fairly large amount of initial investment.
“As institutional interest in digital assets grows, there is an increase in investor interest in cryptoassets. Of particular interest are betting, DeFi, and cryptocurrency lending, ”said SEBA Bank CEO Guido Buehler.
Recall that in September the bank received a license from the Swiss regulator for the storage of digital assets.