SEBA Bank, a Switzerland-based “crypto bank,” is now offering Ethereum staking for institutional investors. The announcement aligns with the MERGE – the event when Ethereum migrates from Proof of Work (PoW) to Proof of Stake (PoS). SEBA Bank is a regulated entity providing compliant access to digital asset services.
SEBA Bank states that the launch of 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). SEBA Bank’s staking management platform offers an institutional-grade solution for generating rewards from investments on PoS crypto networks.
SEBA Bank notes that the shift to PoS will also reduce energy consumption by Ethereum by 99.95%.
Mathias Schütz, Head of Technology and Client Solutions at SEBA Bank, stated:
“The Ethereum merge is an anticipated and significant milestone for the world’s second largest cryptocurrency, delivering improvements for its users across the areas of security, scalability and sustainability. The launch of our Ethereum staking services 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. 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.”
SEBA Bank’s comprehensive staking management platform provides access for clients to PoS protocols including Ethereum, Polkadot, and Tezos.
SEBA Bank states it will continue to integrate support for additional protocols.