DeFi Technologies, a public-listed technology firm, announced that the company has closed its investment of CHF 25 million in SEBA Bank AG, a prominent Swiss digital assets banking platform, today.
Founded in April 2018, SEBA is currently supporting more than 25 markets globally. The company received a license from FINMA recently and gained popularity among the global crypto community. During the last few months, SEBA has strengthened its position in the APAC region. With a dedicated office in Abu Dhabi, the company aims to expand its presence in the Middle East.
According to the Swiss digital assets banking platform, the recent investment from DeFi Technologies and other key participants will facilitate its global expansion.
Russell Starr, the CEO of DeFi Technologies, said: "It's an exciting time in the digital asset sector. We're happy to be working with SEBA Bank to pioneer additional products and solutions that provide greater access to regulated investment opportunities in the growing decentralized finance and Web 3.0 space.”
In April 2021, SEBA Bank joined SIX as a crypto ETP issuer. The company expanded its offering in August last year and added Chainlink and Aave to its DeFi offering.
Preferred Partnership Agreement
Previously, DeFi Technologies announced a preferred partnership with SEBA Bank and expanded its collaboration with the emerging digital assets services provider.
“The 'Preferred Partnership Agreement' outlines a framework for DeFi Technologies to become a preferred provider of staking services, client referrals, market-making, and liquidity to SEBA, and SEBA to become a preferred provider of custody services to DeFi Technologies. The Preferred Partnership Agreement also outlines further cooperation between SEBA and DeFi Technologies with respect to asset and investment management, mining services, tokenization, digital capital markets and institutional research,” DeFi Technologies added.
Last month, DeFi technologies expanded its presence in Europe and announced the listing of Valour ETPs on Euronext Paris.
