Today FINMA regulated digital asset bank SEBA announced the launch of SEBA Earn. Its offering will include access to permissioned decentralized finance (DeFi) as well as staking services and cryptocurrency lending.
We previously reported that DeFi lending protocol Aave is working on permissioned lending pools for whitelisted users. In late September, custody firm Fireblocks which works with numerous institutions, requested to be added a whitelister, providing a gateway for regulatory compliant institutions that will only transact with other whitelisted users.
Most modern blockchains operate as proof of stake instead of proof of work, secured by investors staking their cryptocurrency holdings for a return. SEBA Earn provides staking offerings for the Polkadot, Tether and Cardano platforms. The bank says it plans to expand the supported staked blockchains.
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