SEBA Bank launches program for users to earn yields on crypto
SEBA Bank launches program for users to earn yields on crypto
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add together more than proof-of-stake protocols in the coming months.
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Customers of Swiss-based financial institution SEBA Bank volition soon be able to earn yields on their crypto holdings.
In a Wednesday announcement, SEBA Depository financial institution said investors could utilise its Bitcoin (BTC) and Ether (ETH) lending services to generate yields as role of its SEBA Earn programme. According to the bank, which focuses on offering digital assets, it planned on integrating support for other cryptocurrencies.
"As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular involvement in earning services such as staking, DeFi and centralized crypto borrowing and lending," said SEBA Bank CEO Guido Buehler.
SEBA said institutions would be able to earn returns through its staking and decentralized finance, or DeFi, programs, in addition to centralized lending and borrowing. Customers can currently generate yields on Polkadot'due south DOT, Tezos (XTZ) and Cardano (ADA), simply the bank said it planned to add more than proof-of-stake protocols in the coming months.
Related: First cryptocurrency fund approved in Switzerland
Ane of the starting time banks focused on digital assets to acquire a custody license in Switzerland, SEBA has been involved in the crypto space since its founding in 2022. Concluding year, the Depository financial institution of French republic selected SEBA to participate in its experimental digital euro pilot project aimed at exploring the feasibility of central bank digital currencies in cross-border payments.
Source: https://cointelegraph.com/news/seba-bank-launches-problems-for-users-to-earn-yield-on-crypto
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