Customers of SEBA Bank, a Swiss financial institution, will soon be able to earn interest on their cryptocurrency holdings by either staking, lending or even borrowing.
SEBA Bank said on Oct. 13 that as part of its SEBA Earn program, investors could use its Bitcoin (BTC) and Ether (ETH) lending services to create yields.
The bank, which concentrates on digital assets, said it wanted to provide support for more cryptocurrencies in the future.
“As institutional interest in digital assets grows, investors’ hunger for crypto-assets grows, with a focus on earning services like staking, DeFi, and centralized crypto borrowing and lending,” stated SEBA Bank CEO Guido Buehler.
SEBA stated that, in addition to centralized lending and borrowing, institutions would be able to profit from its staking and decentralized finance, and problems.
Customers can presently generate yields on Polkadot, Tezos, and Cardano, but the bank claimed other proof-of-stake protocols would be added in the coming months.
SEBA has been working in the crypto field since its inception in 2018 and was one of the first banks focused on digital assets to get a custody license in Switzerland.
The Bank of France chose SEBA to participate in its experimental digital Euro pilot project last year, which aimed to see if central bank digital currencies might be used in cross-border payments.
