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SEBA Bank launched the Ethereum staking service for Institutions

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Indrani bose Follow

INDIA

Sep, 12 2022

Sep, 12 2022

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SEBA Bank launched Ethereum staking services enabling?clients to earn staking rewards on Ethereum.?Bank announced this through a?press release issued?on Wednesday.?The?rewards earned by clients will be on a monthly basis with flexible lock-up times available.? 

 

The introduction of Ethereum staking services by the Switzerland-based SEBA Bank, which is a worldwide cryptocurrency lender,?fulfills institutions' rising need for management of a variety of use cases for digital asset yield, from staking to decentralized financing (DeFi).?A comprehensive and completely integrated institutional-grade solution for earning returns from investments on Proof-of-Stake (PoS) crypto networks is offered by SEBA Bank's staking management platform.


Ethereum staking services allow users to earn rewards in a flexible and accessible way. It includes monthly payouts, adjustable lock-up periods after mergers, and a cost-effective fee structure applied to ensure asset security. 

 

The announcement is timed to coincide with the Ethereum merger, which is an upcoming network upgrade. It will be the transition of the existing Ethereum network from Proof of Work (PoW) to Proof of Stake (PoS). As a regulated organization, SEBA Bank offers legal access to services for digital assets services. By staking Ethereum, institutions may play a crucial part in protecting the network. This would help Ethereum achieve its goal of being more scalable, safe, and sustainable while also reducing its energy use by an estimated 99.95%, among other benefits. 

 

With assets safeguarded by an institutional-grade custody solution and a strict regulatory environment including deposit protection, storage insurance, and capital requirements, SEBA Bank's platform enables clients to receive rewards for staking on the network. Investors have constant access to assets no matter the state of the market because of the security-first method of client servicing. SEBA Bank declares that it will keep integrating support for new protocols. 


Customers can stake cryptocurrency tokens and earn rewards on a number of popular PoS protocols, including Ethereum, Polkadot, and Tezos, using SEBA Bank's extensive staking management platform. SEBA Bank will keep implementing support for new protocols as part of the continual development of SEBA staking products. 


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Indrani bose

CBW - External Analyst

INDIA

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