As the Ethereum network moves from proof-of-work (PoW) consensus to proof-of-stake (PoS), a digital asset platform initiated a service for institutions to dive into Ether (ETH) staking.
In an announcement sent to Cointelegraph, Swiss digital asset banking platform SEBA Bank said that it has launched an Ethereum staking service for institutions that want to earn yields from staking on the Ethereum network. According to the firm, the move is a response to the growing institutional demand for decentralized finance (DeFi) services.
According to Mathias Schütz, an executive at SEBA Bank, the firm believes that institutions can also play a role in securing the Ethereum network by staking ETH. Schütz explained that:
“The launch of our Ethereum staking services will enable institutional investors to play a key role in securing the future of the network, via a trusted, secure and fully regulated counterparty.”
The executive believes that the upcoming Merge is a very important milestone for the network in terms of security, scalability and sustainability. Schütz also added that launching ETH staking for institutions allows their firm to keep up with the rapidly evolving digital asset space.
Full article: https://cointelegraph.com/news/seba-bank-to-provide-ethereum-staking-services-to-institutions
Swiss SEBA Bank has launched Ethereum (ETH) staking for institutional clients. Do you think APRs will fall if institutions start staking?
