SEBA First-ever Bank to Offer Regulated Custody for Blue-chip NFTs

The bank’s institutional-grade custody platform will store any Ethereum-based (ERC-721) NFTs.
Image source: SEBA

Quick take:

  • SEBA’s institutional custody solution can store blue-chip collections like Bored Apes, CryptoPunks and Clone X.
  • The bank will manage the private keys for customers.
  • SEBA Bank supports a range of regulated services including trading in over 16 cryptocurrencies.

Swiss-based crypto bank, SEBA, today launched an institutional-grade custody solution to secure clients’ valuable NFTs

The bank’s institutional-grade custody platform now enables its clients, either individuals or institutions, to securely store any Ethereum-based (ERC-721) NFTs including blue-chip collections such as Bored Apes, CryptoPunks and Clone X.

SEBA says that it “provides its customers with absolute confidence in the security of their NFTs” while managing the private keys on behalf of its clients. A private key is a string of secret letters and numbers that allows users to access and prove ownership of their digital assets.

“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. We have the knowledge, established processes, and above all, a custody solution that is ISAE 3402 certified and established by independent bodies,” said Urs Bernegger, Co-Head of Markets & Investment Solutions of SEBA Bank.

With the launch of this service, SEBA says it is the first regulated bank to offer NFT custody. With NFTs custodied within their Swiss Bank account, clients can include them in the total wealth picture and manage them like any other digital asset.

“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,” Bernegger added.

SEBA Bank supports a range of regulated services including trading in over 16 cryptocurrencies, digital assets investment solutions, credit and lending solutions, crypto staking and institutional-grade custody.

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