SEBA Bank, a leading global crypto bank, simplifying access to the digital assets economy through a suite of fully regulated banking services, has today launched Ethereum staking services, an institutional-grade offering enabling clients to earn staking rewards on Ethereum, the second largest cryptocurrency by market cap.
The launch of SEBA Bank’s Ethereum staking services caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (DeFi). SEBA Bank’s staking management platform provides a comprehensive and fully integrated institutional-grade solution for generating rewards from investments on Proof-of-Stake (PoS) crypto networks. Ethereum staking services enable clients to earn rewards in a flexible and accessible manner, with rewards provided on a monthly basis, adjustable lock up periods available post-merge and a cost-effective fee structure applied to guarantee asset security.
Institutions can play a pivotal role in securing the network by staking Ethereum. The Ethereum merge is a forthcoming network upgrade that will change the network’s current consensus mechanism from Proof-of-Work (PoW) to PoS. Along with other improvements, this will enable Ethereum to deliver on its plan of becoming more scalable, secure, and sustainable –– reducing its energy consumption by an estimated 99.95%.
SEBA Bank’s platform allows clients to earn rewards for staking on the network, with assets secured by an institutional-grade custody solution and a stringent regulatory environment including deposit protection, storage insurance and capital requirements. This security-first approach to client servicing ensures that investors have round the clock access to assets whatever the market conditions.
Mathias Schütz, Head of Technology and Client Solutions at SEBA Bank, commented: “The Ethereum merge is an anticipated and significant milestone for the world’s second largest cryptocurrency, delivering improvements for its users across the areas of security, scalability and sustainability. 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. Our institutional grade staking services offer a comprehensive and 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 deliver our clients the cutting-edge technology that they need to stay apace with the rapidly evolving digital assets industry.”
SEBA Bank’s comprehensive staking management platform offers secure and seamless access for clients to stake crypto tokens and earn rewards across a number of leading PoS protocols including Ethereum, Polkadot and Tezos. As part of the ongoing development of SEBA staking products, SEBA Bank will continue integrating support for additional protocols.
About SEBA Bank
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and is the only global smart bank providing a fully universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer licence, and in September 2021 the CISA licence – the first time a reputed, regulatory authority such as FINMA has granted such licences to a financial services provider with a core capability in digital assets. In February 2022 SEBA Bank secured the Financial Services Permission from Abu Dhabi Global Market and opened an office in Abu Dhabi.
The broad, vertically integrated spectrum of services combined with the highest security standards, make SEBA Bank’s value proposition unique – this is why Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC). CVVC Global Report and CB Insights names SEBA Bank as Top 50 Companies within the blockchain ecosystem. Aite Group awarded SEBA Bank with their 2021 Digital Wealth Management Impact Innovation Award in the category “Digital Start-up of the Year”.
For more information about SEBA Bank, please visit our website.