Swiss-headquartered SEBA Bank has established its Ethereum staking services, which will enable its clients to earn rewards by staking in 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).
Staking is the act of locking in crypto assets, which in this instance would be those supported by Ethereum, for a specific period of time. Doing so aims to support the operational ability of the blockchain, and the process allows users to earn more cryptocurrency from however much they’ve staked.
SEBA Bank’s staking management platform provides an integrated solution for generating monthly rewards from investments on proof-of-stake (PoS) crypto networks, with 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.
SEBA Bank’s staking management platform offers access for clients to stake crypto tokens and earn rewards across a number of leading PoS protocols including Ethereum, Polkadot and Tezos.
Most notable among its improvements is its ability to make Ethereum more sustainable, reducing its energy consumption by an estimated 99.95 per cent.
SEBA Bank’s platform secures assets with a custody solution and stringent regulatory environment including deposit protection, storage insurance and capital requirements. This approach ensures that investors can access assets regardless of market conditions.
Speaking on the launch of its Ethereum staking services, Mathias Schütz, the Bank’s head of technology and client solutions, explains how it 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,” continues Schütz.
“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.”
As part of the ongoing development of SEBA staking products, SEBA Bank has confirmed that it will continue to integrate support for additional protocols.