SEBA Bank to support added tokens for wider institutional DeFi access

By Gaia Lamperti

Today, SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, announced the expansion of its comprehensive offering into DeFi with support added for Aave (AAVE) and Chainlink (LINK) tokens.

With this integration, which addresses market demand for institutional-grade services in the DeFi space, institutions will now be able to manage the added tokens across SEBA Bank’s full suite service offering, including investment, custody, and trading.

“Investor interest in digital assets is growing rapidly, and many want to go beyond bitcoin,” Alistair Heggie, COO of SEBA Bank, commented. “SEBA Bank offers investors bespoke 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.”

Aave and Chainlink are pioneers in the DeFi space, with a combined market cap in excess of $12 billion. The tokens add up to the Swiss bank’s array of ERC-20 available across SEBA’s investment solutions, including tailor-made and actively managed client portfolios in the framework of individualized discretionary mandates.

The tokens are supported on its highly secure cold storage custody solution and their integration is based on rigorous analysis and standard compliance set by research run by the company. SEBA Research follows the Swiss Bankers Association research guidelines, selecting digital assets according to a rigorous process combining quantitative metrics and in-depth qualitative analysis.

In addition to existing support for BTC and ETH, institutions will now be able to securely manage and store ERC-20 tokens, including:

• USD Coin (USDC)
• Uniswap (UNI)
• Yearn Finance (YFI)
• Synthetix (SNX)
• Chainlink (LINK)
• Aave (AAVE)

SEBA Bank is a FINMA licenced Swiss Bank headquartered in Zug, the so-called “Crypto Valley”, and is a pioneer in the financial industry. It is the only global smart bank providing a fully universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer licence and it was the first time a reputed, regulatory authority such as FINMA has granted a licence to a financial services provider.

Making further inroads into digital assets, SEBA Bank recently executed successful experiments with Banque de France and Banque Internationale à Luxembourg, testing the use of a central bank digital currency (CBDC).