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SEBA Bank Wants To Use Aave's Institutional DeFi Platform

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Swiss-based SEBA Bank has applied to get whitelisted on Arc, the institutional platform developed by the team behind DeFi lending protocol Aave.

Swiss-based SEBA Bank has applied to get whitelisted on Arc, the institutional platform developed by the team behind DeFi lending protocol Aave. According to the governance post shared yesterday, SEBA wants to get whitelisted to enable its clients to gain broader access to the Aave platform.

The bank said “Initially lending crypto and staking with SEBA, those investors are now showing significant interest for accessing yields in DeFi protocols. Due to various regulatory restrictions in their jurisdictions, SEBA’s institutional clientele has not been able to deploy liquidities at large scale in Aave until now.

Aave is an Ethereum-based money market where users can borrow and lend a wide variety of digital assets, from stablecoins to altcoins. AAVE is up by more than 7% in the past 24 hours and is currently trading above $194 per coin. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.