coindesk.com
Digital-asset platform SEBA Bank has introduced a product that will allow clients to earn yield on their crypto holdings.
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The Zug, Switzerland-based firm’s SEBA Earn will let institutions generate income from proof-of-stake protocols such as Polkadot, Tezos and Cardano, with other networks being added over time.
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The platform will also enable investors to lend bitcoin and ether through SEBA Bank, the company said Wednesday.
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Swiss financial regulator FINMA-licensed SEBA says it will be the first fully regulated bank to offer investors access to yields in decentralized finance (DeFi) protocols.
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Launched in 2018 as a crypto-first banking service, SEBA offers cryptocurrency trading and custody to institutional clients. It received a Swiss banking license from FINMA in 2019, the first time a company whose core business was in digital assets was licensed as such by the regulator.
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