Before the merger of the Ethereum network, the Swiss cryptocurrency platform SEBA Bank already provided Ethereum staking services for large customers. The bank said in a statement that it will allow its users to generate monthly rewards for their ether holdings.
It is reported that different lock-up periods can be set after the merger. Before the Ethereum Shanghai upgrade, any staked Ethereum could not be withdrawn from Ethereum’s beacon chain.
Mathias Schutz, the bank’s head of technology and client solutions, said in a statement: “Our launch of the Ethereum staking service will enable institutional investors to play a key role in securing the future of the network.”