Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
    • Switzerland
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
    • Switzerland
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Business
trading g6af5f682b 1920

trading g6af5f682b 1920

Swiss Bank Lets Customers Earn Yield on Crypto Holdings

Tom Nyarunda by Tom Nyarunda
October 14, 2021
in Business, Switzerland
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Customers of the FINMA-licensed SEBA bank will soon offer support for centralized borrowing and lending services to enable investors to generate yield by lending Ethereum or Bitcoin directly with the bank.  

Digital asset banking platform SEBA Bank, duly licensed by Switzerland’s Financial Market Supervisory Authority (FINMA), launched the SEBA earn on Wednesday, October 13, 2021. The bank termed the new product “an institutional-grade solution enabling clients to earn a yield on their crypto holdings.”

🔉 𝗦𝗘𝗕𝗔 𝗕𝗮𝗻𝗸 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗦𝗘𝗕𝗔 𝗘𝗮𝗿𝗻 𝘁𝗼 𝗘𝗻𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 🚀
Read the full media release 📄 https://t.co/loNhJENK2u and learn more about SEBA Bank, your trusted partner🛡️ pic.twitter.com/aLsyMzGi1M

— SEBA Bank AG (@WeAreSEBA) October 13, 2021

Planned on integrating support for other cryptocurrencies

As per the announcement, the bank would let investors use its Bitcoin (BTC) and Ether (ETH) lending services to generate yields as part of its SEBA Earn program. According to the bank, which focuses on offering digital assets, it planned on integrating support for other cryptocurrencies. SEBA Bank CEO Guido Buehler: 

“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.”

The bank noted that the initiative resulted from a growing demand from institutions to manage a range of digital asset yield use cases from Decentralized Finance (DeFi) to staking and centralized lending and borrowing. Currently, SEBA customers can generate yields on Polkadot’s DOT, Tezos (XTZ), and Cardano (ADA). However, the bank has announced it will be adding more proof-of-stake protocols in the coming months. The bank elaborated: 

“SEBA Earn’s comprehensive staking management platform will enable institutions and individuals to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano, with more protocols coming in the coming months […] SEBA Earn will also provide support for centralized lending and borrowing services, enabling investors to generate yield by lending Bitcoin and Ethereum directly with SEBA Bank.”

SEBA took part in its experimental digital Euro pilot project

SEBA is among the pioneer banks focusing on cryptocurrencies that FINMA licensed in 2019. The bank has been involved in the crypto space since it was founded in 2018. The Bank of France recently selected SEBA to take part in its experimental digital Euro pilot project to test the feasibility of Central Bank Digital Currencies for cross-border payments. The announcement comes only weeks after the crypto-friendly country approved its first crypto investment fund.

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Previous Post

Early Blockchain Inventors Celebrate 30 Years Since Inception

Next Post

Wladimir Putin Sees Cryptocurrencies’ Value and Role in Payments

Related Posts

swiss national bank

Swiss National Bank Evaluates If Bitcoin Can Replace Fiat Currencies

by Giancarlo Perlas
June 1, 2023
0

In a recent Cryptoassets and Financial Innovation conference held by the Swiss National Bank, economists and scholars delved into the...

neuratrade

Neuratrade: A Groundbreaking Crypto Trading Platform With AI And Scalping Technology

by Giancarlo Perlas
June 1, 2023
0

In a groundbreaking development, Swiss-based company Neuratrade has emerged as a game-changer in the world of crypto trading. Leveraging advanced...

images 2023 05 30T204047.609

XRP Achieves Record-Breaking Address Activity Spikes

by Ken Emmanuel
May 31, 2023
0

XRP has recently been the center of attention for investors and enthusiasts due to some remarkable advancements on its network....

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

SAVE 20% ON BINANCE FEES

Sign Up Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
    • Switzerland
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.