Financial institution SEBA Bank from Switzerland has reportedly disclosed details of an upcoming new feature, facilitating yields earned on customer’s crypto assets. 

Specifically, SEBA Bank reportedly revealed that investors will have the ability to access its Bitcoin (BTC) and Ether (ETH) lending offerings to earn yields, as included within the scope of its SEBA Earn program.

Per the bank – which caters heavily to digital assets offerings – it has further plans down the pipeline to complete the support integration for additional virtual coins. 

“As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services such as staking, DeFi and centralized crypto borrowing and lending,” Head of SEBA Bank – Guido Buehler – additionally remarked.

SEBA further shared that establishments will have the freedom to generate returns via its staking and decentralized finance (DeFi) initiatives, apart from centralized lending and borrowing.

Customers are enabled to generate yields on Polkadot’s DOT, Tezos (XTZ) and Cardano (ADA) at the moment, with the bank looking to roll out additional proof-of-stake protocols in the following months.

SEBA – among the first entities across the banking sector concentrating on digital assets to obtain a Swiss-based custody license – has reportedly established its presence throughout the crypto sphere since the time it was formed – 2018. 

In 2020, SEBA was reportedly the Bank of France’s choice to take part in its experimental digital euro pilot initiative – which has a primary target of deep-diving into the feasibility of central bank digital currencies in cross-border payments.