SEBA Bank today announced that it is expanding its offering in the DeFi market with the addition of support for Aave (AAVE) and Chainlink (LINK) tokens.
With this integration, institutions will now be able to manage these DeFi tokens through SEBA Bank’s full-service offering, including investment, custody and trading.
Founded in April 2018 and headquartered in Zug, the SEBA Bank is the only global smart bank that offers a completely universal set of banking services, both traditional and digital.
In August 2019, SEBA Bank received its banking license in Switzerland; this was the first time that a regulator such as FINMA has granted a license to a financial services provider with a more developed capacity in digital resources.
CVVC Global Report and CB Insights named SEBA Bank among the top 50 companies in the blockchain ecosystem in 2021.
- SEBA Bank evolution: Support for DeFi and cryptoactive tokens.
On the other hand, we have industry pioneers DeFi, Aave and Chainlink, which have a combined market capitalization in excess of $12 billion.
AAVE, formerly ETHLend, is a well-known decentralized finance project with a cryptocurrency of the same name that focuses on executing cryptocurrency secured loans using a simple interface and scheme that has revolutionized the industry.
Chainlink is an open source technology that allows smart contracts to interact with data outside of blockchains; it was created and is being continually improved by a large community of developers, researchers and users who share the goal of turning Chainlink into a public good for the benefit of the entire blockchain ecosystem.
To support the growing demand for cryptoactives, SEBA Bank is integrating a set of ERC-20 tokens. Previously, in March, SEBA Bank had already included in its offering Synthetix and Uniswap, the main decentralized financial protocols, and Yearn Finance, the DeFi financial aggregator that maximizes returns on agricultural production.
In addition, there are also cryptocurrencies that SEBA currently works with, such as bitcoin (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC), stellar lumens (XLM) and stablecoin USDC.
The expanded range of tokens will then be available through SEBA Bank’s investment solutions, including customized client portfolios that are actively managed within specific mandates.
The delivery of SEBA Bank’s digital asset banking services is supported by SEBA Research, which provides analysis and insight, applying the highest standards and adhering to the guidelines of the Swiss Bankers Association. Digital assets are selected according to a rigorous process that combines quantitative metrics with in-depth qualitative analytics.
In addition, SEBA Bank has recently carried out successful tests with the Banque de France and the Banque Internationale à Luxembourg, testing the use of a Central Bank Digital Currency (CBDC).
Alistair Heggie, COO of SEBA Bank, commented:
“Investor interest in digital assets is growing rapidly and many want to go beyond Bitcoin. SEBA Bank offers investors personalized access to the return drivers and diversification benefits of this new asset class. We are pleased to provide our expertise in digital assets to build exposure in this new asset class.”