Reading time: ~ 2 m
The digital asset-focused Swiss bank is aiming to be whitelisted by Arc, an institutional platform developed by the team behind the DeFi Aave lending protocol.
In a message released on Tuesday, a bank spokesperson said it achieved whitelisting to provide its clients with greater access to the Aave platform, stating that “due to various regulatory restrictions in their jurisdictions, SEBA’s institutional clientele is still could not deploy large volumes of liquidity in Aave. “
“The launch of Aave Arc with its layer enabled represents a great opportunity for them to access DeFi profitability while remaining in line with their regulatory obligations. At SEBA, we believe this will directly benefit the Aave community with institutional liquidity accelerating TVL growth and protocol revenues, ”the spokesperson said.
“Over the past months, SEBA has received a growing institutional demand for access to DeFi liquidity protocols like Aave,” they later explained in a post, noting: “SEBA has significant interest from its client base in participating in Aave Arc and with its close ties with money managers in Switzerland and abroad, SEBA is ideally suited to bridging institutional liquidity in the Aave Arc protocol. ”
As previously reported, Arc is a licensed platform, which means that members have gone through a “know your customer” process and through Arc can participate alongside other whitelisted users in a dedicated credit pool.
#SEBA #bank #Aaves #DeFi #platform
