Although the cryptocurrency markets are in a sharp downtrend, new partnerships and new deals continue to be made in the background.
Serving as a bridge between digital finance and traditional finance, SEBA Bank became the first licensed bank to become a “whitelister” on AAVE, a decentralized lending platform.
The founder of Aave announced on social media that as a result of the voting, the AAVE administration accepted SEBA Bank’s request to become a whitelister.
The following statements were used in the statement:
“SEBA is a licensed and regulated Swiss Bank that provides a seamless and secure bridge between digital and traditional assets.
SEBA’s customers’ interest in DeFI has increased significantly.
As a Swiss digital asset bank, we believe SEBA is ideally positioned to provide these investors with the flexible and fully regulated environment they need to bridge new liquidities in Aave Arc.
With increasing demand from institutional investors to access new opportunities in the DeFi space, SEBA has put DeFi at the center of its strategy by developing a range of decentralized finance-related products and services.
SEBA considers Aave Arc to be the best option to respond to corporate demand as it is subject to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations in various countries.”