SEBA Bank was founded in April 2018 in Zug, Switzerland, is a pioneer in the banking industry with the goal of building regulated and progressive technological bridges between the traditional bank system and the crypto world.
The digital asset bank is now submitting a proposal to Aave Governance as a whitelister to DeFi lending protocol Aave Arc.
A representative from the bank said that is has submitted the proposal to the withe-listing in order to enable deploy of liquidities at large scale, in a governance post from the official website said: “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.”
Aeve continues to be one of the most used DeFi lending protocols, SEBA with this new proposal will bring a large institutional client base, “The launch of Aave Arc represents a great opportunity for the Aave community, with more institutional market participants joining DeFi. SEBA has a significant interest from its client base to participate in Aave Arc and with its tight connections to money managers in Switzerland and beyond, SEBA is ideally positioned to bridge institutional liquidities in the Aave Arc protocol”.
We haven’t really scratched the surface when it comes to tapping into the real potential of DeFi, many professional individuals and companies as well as institutional clients will be able to invest, custody, trade, stake, lend and borrow digital and traditional assets, all in one place and in a secure manner.