SEBA crypto bank announced it is expanding its offering to support three tokens tied to decentralized finance (DeFi)
Swiss-regulated crypto bank SEBA announced yesterday that it is adding support for DeFi tokens. This is the first time SEBA will list DeFi tokens. The crypto bank is starting with three tokens and said it may expand its lineup to include additional assets in the future.
SEBA announced the move in a company statement, explaining that it aims to provide a transparent, secure and easy-to-use bridge between digital and traditional assets. Clients can now access Synthetix (SNX), Uniswap (UNI) and Yearn.Finance (YFI) tokens through the bank.
“With these new tokens, SEBA expands its offering and enters the world of DeFi by supporting tokens from leading DeFi protocols available on the market. SEBA’s clients will be able to benefit from these tokens across the bank’s services, including investment solutions, custody and trading,” the bank said.
Uniswap and Synthetix are two leading decentralized exchange protocols that have seen wide adoption in recent months. Yearn.Finance is a major yield-farming aggregator in the sector and currently holds significant assets locked in its protocol.
Alistair Heggie, Chief Operating Officer (COO) of SEBA, said the expansion reflects broader crypto adoption that extends beyond Bitcoin (BTC).
“SEBA provides investors with tailored access to yield drivers and diversification benefits offered by this emerging asset class. We are pleased to bring our digital-asset expertise to help build exposure to this new class of assets,” he added.
With the addition of these three tokens, SEBA now supports nine cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM) and the USD Coin (USDC) stablecoin.
SEBA said its Research team selected the newly added DeFi tokens, providing analysis, insight and access to this asset class. SEBA Research follows high standards and adheres to the Swiss Bankers Association’s research guidelines when choosing tokens.
The crypto bank noted that the new tokens will be available across its investment solutions, including actively managed client portfolios designed to incorporate digital assets.
Decentralized exchange platforms have grown as an increasingly popular alternative to centralized exchanges. Trading volumes on these platforms have risen over recent months and recently reached record highs globally.