Switzerland’s SEBA Bank Launches Institutional Ethereum Staking

Switzerland’s SEBA Bank launches institutional Ethereum staking. The move caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to DeFi by providing flexible rewards and adjustable lock-up periods following Ethereum’s merge event, the bank said. SEBA added that it will ensure "round the clock access" to clients’ staked Ethereum ahead of the merge. The staking program comes with insurance and requires a certain amount of capital to enter the pool. In 2019, the bank was awarded a provisional banking and securities dealer license by the Swiss Financial Market Supervisory Authority (FINMA), which gives SEBA full legal power to integrate crypto into its banking system.