Swiss SEBA Bank Offers Custodial Service for Non-Fungible Tokens

Being the holder of a high value NFT, like the Bored Ape or CryptoPunks, carries with it a number of challenges, mainly pertaining to the protection and preservation of such valuable assets. Fortunately, SEBA Bank, a leading crypto custodial company located in Switzerland, has launched a fresh custody solution for these high-value NFTs.

Although SEBA Bank has been offering cryptocurrency products for the past few years, the emergence of non-fiat currencies has prompted the development of institutional-level custodial solutions.

This services went live on October 26, 2022, and the institution has already disclosed the collections it would handle. Presently, SEBA will offer custody for a few of the most prominent NFT series, like Clone X NFTS, CryptoPunks, the Bored Ape Yacht Club, etc., with plans to broaden service for other collections in the future.

This news from SEBA Bank has come at an intriguing moment, since it has been reported that NFT criminals have stolen assets worth around $100 million in 2021. Numerous of these crooks target NFTs from expensive collections, and as a result, this kind of service provides holders with safety.