Swiss bank Seba brings institutional investors to Defi on Aave Arc
Swiss bank Seba brings institutional investors to Defi on Aave Arc
- Seba, an approved layer in the Aave defi ecosystem, applied and committed to bring a large number of institutional customers.
- of the Aave token has increased by 11 percent and still exceeds most of its defi competitors, mainly due to a flourishing ecosystem and strong tokenomics.
Seba, a Swiss bank with a focus on digital assets, would like to immerse yourself in the world of Defi and decided to start the AAVE ARC platform. As a Whitelist member of ARC, the bank has applied to bring institutional investors to the platform, first-class practices to combat money laundering (AML) and state-of-the-art security, which pulls even more professional investors onto the platform. Aave grew over 11 percent according to the news.
Arc is a defi platform from AAVE that is aimed at institutional customers. The platform renamed by Aave Pro started a few months ago and made it possible for these customers to access liquidity pools such as retailers, but only after they were verified by a strict KYC process. In order to become a whitelister on the platform, an institution must apply to Aave Governance what the Seba did. When launched, the Fireblocks' custody company was the first to apply
Read more: Aave Pro: The new goal for institutional investors to start the Defi market
"Due to various regulatory restrictions in their jurisdictions, the institutional customers of the SEBA have so far not been able to use a large amount of liquidity in Aav. Switzerland.
what Seba brings to aave
Seba will be one of the most distinguished on the list if it is accepted by Aave Governance as a whitelister. And in his application she outlined what this means for her and what she will bring to the Aave community.
The first is a large institutional customer base that strives to explore opportunities. The bank boasts of counting hedge funds, asset managers, large cryptocurrency companies and even private banks.
It outlined:
Seba has a considerable interest in participation in Aave ARC from her customer base and is ideally positioned with its close connections to asset managers in Switzerland and beyond in order to bridge institutional liquidities in the AAVE ARC protocol.
The bank, which is well-regulated in Switzerland, will also bring in industry-leading KYC and AML standards that not only benefit other Whitelisters, but also give the AAVE community more legitimacy in institutional circles. The Seba is regulated by the Federal Financial Market Authority (Finma), a worldwide recognized and respected place.
The AAVE price has increased since the message became known. At the time of printing, the token is traded at $ 205 after it has increased by 12 percent in the last 24 hours. During this time it was the fifth highest winner with a market capitalization of $ 2.75 billion. Despite the profit, the cryptocurrency acts less than a third of its all -time high, which it reached over $ 660 in mid -May.
also read: Aave founder confirms plans to build up 'Twitter on Ethereum' this year
Source: Crypto-news-flash.com
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