- August 13, 2021
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that it is expanding its products offering into DeFi with support added for Aave (AAVE) and Chainlink (LINK).
Aave and Chainlink are pioneers in the DeFi space, with a combined market cap in excess of $12 billion. With this integration, institutions will now be able to manage these DeFi tokens across SEBA Bank’s full suite service offering, including investment, custody, and trading.
The expanded array of tokens will now be available across SEBA Bank’s investment solutions, including tailor-made and actively managed client portfolios in the framework of individualized discretionary mandates.
“Investor interest in digital assets is growing rapidly, and many want to go beyond bitcoin. SEBA Bank offers investors bespoke access to the return drivers and diversification benefits of this new asset class,” said Alistair Heggie, COO of SEBA Bank, in a statement.
He added, “We are pleased to provide our expertise in digital assets to build exposure in this new asset class.”
Several ERC20 tokens added
To support the rapidly accelerating demand for DeFi and other crypto assets, SEBA Bank is integrating a number of ERC-20 tokens supported on its agile hot storage custody solution into its proprietary institutional-grade cold storage custody solution.
In addition to existing support for BTC and ETH, institutions will now be able to securely manage and store ERC-20 tokens in a battle-tested cold storage environment including USD Coin (USDC), Uniswap (UNI), Yearn Finance (YFI), Synthetix (SNX), Chainlink (LINK), and Aave (AAVE).
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