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Swiss crypto bank SEBA opens institutional access to DeFi and staking

Swiss crypto bank SEBA opens institutional access to DeFi and staking

The regulated FINMA cryptocurrency bank SEBA announced the launch of SEBA Earn. The service will allow institutional clients to earn income from crypto lending operations, DeFi and staking of cryptocurrencies, including Cardano, Polkadot and Tezos.

Lending and borrowing are available in Bitcoin and Ethereum.

In the coming months the platform will expand the list of supported staking assets.

“In light of growing institutional interest in digital assets, the focus shifts to staking, DeFi and lending operations”, — said Guido Buehler, CEO of SEBA Bank.

Earlier in September, FINMA approved the first crypto fund in accordance with the country’s legislation. The custodian became the SEBA crypto bank.

Earlier, another regulated crypto bank Sygnum offered clients staking Ethereum 2.0 in addition to Tezos.

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