Switzerland’s SEBA Bank has announced the launch of Ethereum (ETH) staking services, an institutional-grade offering that will enable clients to earn staking rewards on Ethereum, the second largest cryptocurrency by market cap.
According to its press release, its Ethereum staking services will cater to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (DeFi).
Commenting on the launch, Mathias Schütz, the head of technology and client solutions of SEBA, commented, “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.”
“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,” said Schütz. “By launching support for Ethereum staking, we continue to deliver our clients the cutting-edge technology they need to stay apace with the rapidly evolving digital assets industry.”
The bank also intends to provide a staking management platform with a fully integrated institutional-grade solution for generating rewards from investments on Proof-of-Stake (PoS) crypto networks.
