SEBA Bank launches NFT custody solution 26 October 2022Switzerland Reporter: Jenna Lomax
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SEBA Bank has launched a new custody solution in an effort to secure clients' valuable non-fungible tokens (NFTs).
The platform enables its clients, either individuals or institutions, to securely store any Ethereum-based NFTs.
Through this development, SEBA Bank indicates that it is the first regulated bank to offer NFT custody. With NFTs held in custody within their Swiss Bank account, clients can manage them like any other digital asset.
SEBA Bank says the solution provides its customers with “absolute confidence in the security of their NFTs, without the hassle of managing private keys themselves”.
With strong communities supporting the technology, it is clear there is tremendous potential for NFTs and clear demand for trusted custody solutions, it adds.
SEBA Bank supports a range of regulated services. It offers digital assets investment solutions, credit and lending solutions, and crypto staking and institutional-grade custody services.
Urs Bernegger, co-head of markets and investment solutions of SEBA Bank, says: “As a licensed and FINMA-regulated Swiss bank with core competence in cryptocurrencies and digital assets, we enable all of our clients to handle traditional and digital assets securely.”
He adds: “The range of services combined with the highest security standards makes SEBA Bank's service offering unique and we are very pleased to be able to support our clients with our expertise in expanding our service by offering NFT custody."
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