As the Ethereum network moves from proof-of-work (PoW) consensus to proof-of-stake (PoS), a digital asset platform has decided to offer Ether staking services to organizations.
Switzerland-based digital asset banking platform SEBA announced to Cointelegraph that it will offer ETH staking service to organizations where they can earn interest by staking on the Ethereum network. According to the company, this step was taken in response to increasing corporate demand for decentralized finance (DeFi) services.
Mathias Schütz, one of the executives of SEBA BANK, thinks that organizations can play a role in securing the network by staking ETH.
“The launch of Ethereum staking services will enable institutional investors to play a key role in securing the future of the network through a reliable, robust and fully regulated counterparty.”
The manager said that the upcoming Merge update is a milestone for the network in terms of security, scalability and sustainability. Schütz added that launching ETH staking services for institutional investors will also give the company an opportunity to catch up with the rapidly evolving digital asset space.