SEBA Bank has launched Ethereum staking services, earning rewards on Ether.
The move is expected to respond to what Zug-based SEBA describes as a growing demand from institutions to handle a range of digital asset yield use cases, from staking to decentralized finance (DeFi).
Ethereum staking services allow customers to earn rewards on a monthly basis with adjustable lockout periods.
“The Ethereum merger is an important and anticipated step for the second largest cryptocurrency in the world, bringing improvements to its users in the areas of security, scalability and sustainability”, explained Mathias Schütz , head of technology and customer solutions at SEBA.
“The launch of our Ethereum staking services will allow institutional investors to play a key role in securing the future of the network, via a trusted, secure and fully regulated counterparty. Our institutional-grade staking services offer a comprehensive, fully-integrated platform for earning rewards from investments across a range of leading PoS crypto networks.
“By launching support for Ethereum staking, we continue to provide our customers with the advanced technology they need to keep pace with the rapidly changing digital asset industry.”