Category: SEBA Bank

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.”
Seba Earn Lets Clients Generate Rewards From Crypto Investments
Seba Bank, a digital asset banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced the launch of Seba Earn Wednesday. The Switzerland-based bank described the new offering as “an institutional-grade solution enabling clients to earn yield on their crypto holdings.”
Noting that “The launch of Seba Earn caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (defi), and centralized lending and borrowing,” the bank elaborated:
Seba Earn’s comprehensive staking management platform will enable institutions and individuals to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano, with more protocols coming in the coming months.

In addition, the announcement explains:
Seba Earn will also provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.
The bank also noted that it “will continue integrating support for additional coins.”
Guido Buehler, CEO of Seba Bank, commented: “It is clear that as institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, defi and centralized crypto borrowing and lending.”
What do you think about Seba Bank launching a crypto earning program? Let us know in the comments section below.

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borrowing, Cardano, decentralized finance, DeFi, earning program, finma, lending, lending bitcoin, lending ethereum, Polkadot, regulated bank, seba, SEBA Bank, seba earn, staking program, Tezos

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SEBA Bank launches problems for users to earn yield on crypto

SEBA Bank launches problems for users to earn yield on crypto

Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yield on their crypto holdings.In an Oct. 13 announcement, SEBA Bank said investors could use its Bitcoin (BTC) and Ether (ETH) lending services to generate yields as part of its SEBA Earn program. According to the bank, which focuses on offering digital assets, it planned on integrating support for other cryptocurrencies. “As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, DeFi and centralized crypto borrowing and lending,” said SEBA Bank CEO Guido Buehler. SEBA said institutions would be able to earn returns through its staking and decentralized finance, or DeFi, problems, in addition to centralized lending and borrowing. Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months.Related: First cryptocurrency fund approved in SwitzerlandOne of the first banks focused on digital assets to acquire a custody license in Switzerland, SEBA has been involved in the crypto space since its founding in 2018. Last year, the Bank of France selected SEBA to participate in its experimental digital Euro pilot project aimed at exploring the feasibility of central bank digital currencies in cross-border payments.

Swiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’

Swiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’

Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets,” said the regulator.
First Crypto Fund Approved Under Swiss Laws
The Swiss Financial Market Supervisory Authority (FINMA) announced Wednesday that it “has approved the first crypto fund according to Swiss law.” The regulator elaborated:
For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets.
FINMA explained that the fund is called “Crypto Market Index Fund,” noting that it is “an investment fund according to Swiss law belonging to the category ‘other funds for alternative investments’ with particular risks.”
The financial regulator added that there are some requirements tied to the approval. For example, the fund “may only invest in established cryptoassets with a sufficiently large trading volume.” In addition, the investments must be made through “established counterparties and platforms” based in member countries of the Financial Action Task Force (FATF).
Crypto Finance (Asset Management) AG independently announced Wednesday the launch of the FINMA-approved Swiss crypto fund. It is administered by fund management company Pvb Pernet von Ballmoos AG, with Seba Bank AG as the custodian and Crypto Finance as the manager. Crypto Finance described:
For Crypto Finance, as the first asset manager to launch a Swiss crypto asset investment fund, it is an exceptional achievement to launch this crypto investment fund together with strong Swiss partners.

The fund is restricted to qualified investors, such as Swiss wealth management banks, asset managers, pension funds, and other professional investors, “who collectively manage several trillion CHF in assets,” Crypto Finance detailed, adding:
This passive investment fund from Crypto Finance tracks the performance of the Crypto Market Index 10, which is administered by the SIX Swiss Exchange.
According to the exchange’s website, “The objective of the SIX Crypto Market Index 10 is to reliably measure the performance of the largest and most liquid crypto assets and tokens and provide an investable benchmark for this asset class. The prices for the crypto assets and tokens are obtained from multiple crypto exchanges and trading venues.”
Meanwhile, Seba Bank announced Tuesday that it “has been granted a license to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG).” The bank added, “This is the first license granted in Switzerland by the Swiss Financial Market Authority (FINMA) to a custodian bank focused on digital assets.”
What do you think about FINMA approving the first Swiss crypto fund? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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SEBA Bank granted the first Swiss digital asset custody license

SEBA Bank granted the first Swiss digital asset custody license

SEBA Bank AG, a fully regulated Swiss-based institution with a focus on the offering of digital cryptocurrency assets, has today announced the approval of a CISA license from the Swiss Financial Market Authority, or FINMA, to facilitate an institutional-grade custodian service for nation-native collective investment schemes.This announcement enables the bank to become Switzerland’s, and indeed one of the world’s first, digital asset centric banks to gain a custody license. The endorsement will allow the institution to provide greater investment opportunities to professional clientele in the emerging cryptocurrency markets. Founded in mid-2018 advocating a philosophy of next-generation digital banking, the firm soon rose to prominence as a pioneer in the regulated digital asset sector. One year later in August 2019, the bank attained its banking and securities firm licence which introduced their SEBAwallet app, e-banking service and SEBA card to market, supporting five major cryptocurrencies including Bitcoin and Ethereum.CEO of SEBA Bank, Guido Buehler shared his thoughts on the banks recent successes: “Two years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally.”Regulatory assurances in what is often considered a volatile market, soon attracted the attention of Europe’s elite. In mid-2020, France’s central bank Banque de France selected SEBA to participate in their experimental digital Euro pilot project in a bid to explore to feasibility of CBDC’s in cross-border payments.Related: Swiss Exchange SIX granted approval to launch crypto marketplaceBuehler also commented on the implications of attaining the CISA licence for European adoption:With our new CISA license, SEBA Bank continues its pioneering role in the institutional digital asset space. Asset Managers can now offer strategies based on crypto or other digital asset underlyings to a broader audience utilizing Swiss-based mutual fund structures secured by SEBA Bank as the CISA-licensed custodian.”

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