SEBA Bank is taking a step further into the DeFi space and allowing customers to earn from holding their coins.
SEBA Bank launches program for customers to earn yields on crypto
FINMA regulated digital asset bank SEBA announced earlier today that it had launched SEBA Earn. The latest offering has seen the digital assets bank enter the decentralized finance (DeFi) space and offer more services to its users.
According to SEBA, the offering will include access to permissioned decentralized finance (DeFi) as well as staking services and cryptocurrency lending. Its customers can now use its Bitcoin (BTC) and Ether (ETH) lending services to earn yields, thanks to the launch of the program. The bank said it is working on integrating more cryptocurrencies into the Earn Program.
SEBA Bank CEO Guido Buehler stated that
As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services such as staking, DeFi and centralized crypto borrowing and lending.
Institutional investors would benefit from the Earn Program
The CEO added that SEBA Earn provides professional and institutional players with a flexible platform and a trusted, regulated provider to securely enter the DeFi space. The bank said institutional investors have the chance to earn returns through its staking and decentralized finance, or DeFi, programs, in addition to centralized lending and borrowing.
At the moment, SEBA customers can earn yields on Polkadot’s DOT, Tezos (XTZ) and Cardano (ADA), but it intends to add more coins to the list in the coming months. SEBA is one of the first digital asset banks in the world and has invested in numerous crypto projects over the past three years.