Institutional interests in digital assets have surged significantly, and there’s no denying it. A CoinShares report revealed that digital asset investment products generated $95 million worth of inflows for institutional crypto investment products.
This was in the last week of September. October’s initial weeks were no different, as it witnessed immense traction as well. It is no wonder that different banks are joining the crypto space.
In a recent development, Swiss-based financial institution SEBA Bank tapped into the demand from institutions, for income from digital assets.
𝗦𝗘𝗕𝗔 𝗕𝗮𝗻𝗸 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗦𝗘𝗕𝗔 𝗘𝗮𝗿𝗻 𝘁𝗼 𝗘𝗻𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝘆
Read the full media release https://t.co/loNhJENK2u and learn more about SEBA Bank, your trusted partner️ pic.twitter.com/aLsyMzGi1M
— SEBA Bank AG (@WeAreSEBA) October 13, 2021
As per the official blog, SEBA Bank’s customers will soon be able to earn yields on their crypto holdings. The post stated,
“SEBA Bank, a fully integrated, FINMA licenced digital assets banking platform, today announced the launch of SEBA Earn, an institutional-grade solution enabling clients to earn yield on their crypto holdings.”
Investors could use its Bitcoin and Ether lending services to generate yields as part of the SEBA Earn program. It will enable individuals as well as institutions to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano. Meanwhile, there are “more protocols coming in the coming…