SEBA Bank Adds Chainlink and Aave to Its DeFi Offering

SEBA Bank, a Swiss crypto-focused banking services provider, announced on Thursday that it has added support for Aave (AAVE) and Chainlink (LINK) tokens as part of the expansion of its offering in decentralized finance (DeFi) cryptos. According to the press release, both AAVE and LINK will be managed through SEBA’s entire suite, including investment, custody and trading.

With the integration of the DeFi tokens, the banking services provider is now offering such cryptos at an institutional-grade level. As of press time, SEBA Bank has listed USD Coin (USDC), Uniswap (UNI), Yearn.finance (YFI) and Synthetix (SNX). “Investor interest in digital assets is growing rapidly, and many want to go beyond Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. 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,” Alistair Heggie, COO of SEBA Bank, stated in the announcement.

Additionally, the bank highlighted that these tokens would be secured on Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term that was expanded to include ERC-20 tokens, as SEBA Bank currently supports Bitcoin (BTC) and Ethereum (ETH).

Recent Developments on SEBA Bank

In April, Finance Magnates reported that SEBA Bank joined the Swiss Stock Exchange (SIX) as a new ETP issuer. The bank has joined SIX as the third ETP issuer this year. In January 2021, ETC Group, a leading financial services provider, listed its Bitcoin exchange-traded product (ETP) on the Swiss Stock Exchange with a primary ticker symbol of BTCE.

Moreover, in terms of executive moves, SEBA Bank recently hired Sam Lin as its new Chief Executive Officer in Asia. Lin, who has fifteen years of experience in investment banking at Credit Suisse and Barclays, has been appointed by the firm to strengthen its presence in the APAC region. Furthermore, he is a former Executive Director and CFO of a leading Fintech company listed on NASDAQ.