Swiss Bank Offers ETH Staking for Corporates

ETH Staking Services for Financial Institutions

According to the digital asset firm, the move is a response to growing demand for decentralized financial services (DeFi) from institutional investors.

Schutz believes that institutions can participate in securing the Ethereum network. He said the launch of the service would pave the way for institutional investors to play an important role in securing Ethereum's future.“Institutional investors can participate in staking through trusted, secure and fully regulated third parties,” said Schutz, quoted from Coin Telegraph.

The executive believes the merge process is an important milestone for Ethereum in terms of security, scalability and sustainability.He added that the launch of ETH staking services for institutions is SEBA Bank's strategy to remain competitive in the rapidly growing digital asset sector.

Apart from SEBA Bank, various other companies also offer staking services towards the anticipation of the Ethereum merge.In June, crypto bank Anchorage Digital opened a similar service to institutional investors. The bank's co-founder, Diogo Monica, said the entry of institutional investors into ETH staking is a win-win situation for the crypto ecosystem and institutions.

On the other hand, Ethereum mining pool, Ethermine, creates a new staking pool for users to collectively stake ETH and earn rewards.Users can join with a minimum capital of 0.1 ETH or the equivalent of IDR 2.4 million. however, Ethermine insists smaller deposits will incur higher fees.

Currently, the platform offers an annual deposit interest of 4.43 percent for staking ETH.Staking pools such as the one offered by Ethermine are important because they offer competitive rates and lighter joining requirements than staking independently as a node operator.

Standalone staking requires a minimum of 32 ETH equivalent to IDR 768 million to run the node.