SEBA Financial institution Introduces Program for Purchasers to Earn Yield on Crypto

Digital-asset platform SEBA Financial institution has launched a product that can enable purchasers to earn yield on their crypto holdings.

• The Zug, Switzerland-based agency’s SEBA Earn will let establishments generate revenue from proof-of-stake protocols equivalent to Polkadot, Tezos and Cardano, with different networks being added over time.
• The platform may even allow buyers to lend bitcoin and ether by means of SEBA Financial institution, the corporate mentioned Wednesday.
• Swiss monetary regulator FINMA-licensed SEBA says it is going to be the primary absolutely regulated financial institution to supply buyers entry to yields in decentralized finance (DeFi) protocols.
• Launched in 2018 as a crypto-first banking service, SEBA provides cryptocurrency buying and selling and custody to institutional purchasers. It obtained a Swiss banking license from FINMA in 2019, the primary time an organization whose core enterprise was in digital property was licensed as such by the regulator.

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