DeFi Technologies reinforces its goal of providing greater investor access to the growing decentralized finance and Web 3.0 space
DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced that it has closed its investment of CHF 25 million into SEBA Bank AG, a fully integrated FINMA licensed digital assets banking platform.
SEBA Bank holding a FINMA licence granted to a financial services provider with a core capability in digital assets, is currently supporting over 25 markets globally, having strengthened its presence in APAC, specifically Hong Kong and Singapore; along with other priority markets in the Middle East including a dedicated office in Abu Dhabi. The investment from DeFi Technologies, and the other key participants, will further accelerate the growth of SEBA Bank internationally.
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Russell Starr, 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.”
DeFi Technologies previously announced a preferred partnership agreement with SEBA Bank. 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.
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About SEBA Bank – The Future of Digital Banking, Investing & Financing
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and 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 dealers license, and in September 2021 the CISA licence – the first time a reputed, regulatory authority such as FINMA has granted such licenses to a financial services provider with a core capability in digital assets.
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