DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announces that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio press release covers the successful close of a CHF110 million Series C funding round into SEBA Bank, a fully integrated, FINMA-licensed digital assets banking platform. The round was co-led by DeFi Technologies, with the company making an investment of CHF25 million.
As detailed in the news release, DeFi Technologies will receive a seat on SEBA Bank’s Board of Directors as part of the investment. Other funding partners included Altive, Ordway Selections, and Summer Capital. Alameda Research, a leading quantitative trading firm and core partner of FTX, also participated in the round, which was significantly oversubscribed with demand far exceeding the initial funding target. Existing SEBA Bank investors, including Julius Baer, also increased their positions in the funding round.
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“DeFi Technologies’ relationship with SEBA Bank is one of the first of its kind between a private crypto bank and a public technology company. Synergies exist in various areas which will benefit both parties, our respective shareholders, and serve to provide greater institutional access for custodial services and regulated investment opportunities in the growing decentralised finance and Web 3.0 space,” Russell Starr, CEO of DeFi Technologies, stated in the news release. “SEBA Bank has one of only two FINMA licenses and in working with DeFi Technologies, both parties will be able to create value for each other – whether it be new product launches in the ETP space, potential co-launching of ETFs, staking, custody, and other unrealized possibilities. We are absolutely thrilled to continue building institutional grade products across this vastly expanding landscape of DeFi, in partnership with SEBA Bank.”
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This funding round solidifies SEBA Bank’s position as a best-in-class regulated digital asset banking services provider. By leveraging the strategic expertise of the specialist partners who participated in the round, SEBA Bank will maintain its commitment to innovation and excellence in its digital asset banking and investment services.
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