​SEBA Bank Is Seeking To Join Whitelist Of Institutional DeFi Platform Aave Arc

SEBA Bank, a digital assets-focused bank headquartered in Zug, Switzerland, submitted a proposal to Aave Governance to apply to join the Aave Arc whitelist. Aave Arc is an institutional DeFi platform developed by the team behind the DeFi lending agreement Aave. 

SEBA Bank has a mission of building a regulated advanced technology bridge between the traditional world and the crypto world. The bank has a FINMA banking and securities dealer license, which enables professional individuals and companies and institutional clients to invest, custody, trade, mortgage, borrow digital and traditional assets in one stop. 

SEBA has integrated multiple DeFi tokens into its proprietary institutional-grade cold storage custody solution, including AAVE. The bank stated in the proposal: "The launch of Aave Arc with its permissioned layer represents a great opportunity for them to access DeFi yields while remaining compliant with their regulatory obligations. At SEBA, we believe that this will directly benefit the Aave community with institutional liquidities accelerating growth in TVL and in protocol revenues."

By Mary Liu

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