Crypto-Friendly Bank SEBA Launches Institutional Custody Service for Ethereum NFTs

Crypto-friendly bank SEBA has added an NFT custody solution that gives customers the ability to hold well-known NFTs without managing private keys themselves.

The group will enable clients to store any Ethereum-based non-fungible tokens (NFTs), which includes popular collections like Bored Ape Yacht Club and CryptoPunks. "SEBA Bank is proud to be the first regulated bank to offer NFT custody and we believe that in the coming years, digital assets, including NFTs, will gain adoption and will be increasingly accepted even by traditional finance operators," a spokesperson for SEBA Bank said.