DeFi Technologies invests 27 million USD into SEBA Bank AG , a fully integrated FINMA licensed digital assets banking platform which recently opened an office in the UAE.
SEBA Bank holding a FINMA licence granted to a financial services provider with a core capability in digital assets, is currently supporting over 25 markets globally, having strengthened its presence in APAC, specifically Hong Kong and Singapore; along with other priority markets in the Middle East including a dedicated office in Abu Dhabi. The investment from DeFi Technologies , and the other key participants, will further accelerate the growth of SEBA Bank internationally.
Russell Starr, CEO of DeFi Technologies said “It’s an exciting time in the digital asset sector. We’re happy to be working with SEBA Bank to pioneer additional products and solutions that provide greater access to regulated investment opportunities in the growing decentralized finance and Web 3.0 space.”
DeFi Technologies invests in SEBA Bank after it previously announced a preferred partnership agreement with SEBA Bank. The “Preferred Partnership Agreement” outlines a framework for DeFi Technologies to become a preferred provider of staking services, client referrals, market making and liquidity to SEBA, and SEBA to become a preferred provider of custody services to DeFi Technologies. The Preferred Partnership Agreement also outlines further cooperation between SEBA and DeFi Technologies with respect to asset and investment management, mining services, tokenization, digital capital markets and institutional research.
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