Before the Ethereum merge, Swiss bank SEBA launched Ethereum staking services

Chain Catcher news, before the merge on the Ethereum network, Swiss cryptocurrency platform SEBA Bank has already provided Ethereum staking services for large clients. The bank stated in a press release that it allows its users to earn rewards on their held Ethereum on a monthly basis. It is reported that different lock-up periods can be set after the merge. However, before the Ethereum "Shanghai upgrade," no staked Ethereum can be withdrawn from the Ethereum beacon chain. Mathias Schutz, Head of Technology and Client Solutions at the bank, stated in the release: "Our launch of Ethereum staking services will enable institutional investors to play a key role in securing the future of the network." (Blockworks)