DeFi Technologies Announces Exchange Traded Product Venture with SEBA Bank AG
DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced that it intends to launch an Exchange Traded Product (ETP) venture with SEBA Bank AG (SEBA). SEBA is a fully integrated, FINMA licensed, digital assets banking platform providing a seamless, secure, and easy-to-use bridge between digital and traditional assets. The announcement follows from the Company’s previously announced Preferred Partnership agreement.
SEBA Bank AG and DeFi Technologies will launch a joint initiative to offer investment solutions in crypto assets. As a pioneer in the financial services industry with a core capability in digital assets, SEBA Bank will provide a variety of unique services, as well as the trust of being a fully regulated Swiss crypto bank. This joining initiative, in combination with the innovation and distribution capabilities of DeFi Technologies wholly owned subsidiary Valour, will create a new power house for digital assets in Europe for both institutional and retail clients. The first product to be launched under the new brand will be an asset backed product for the European market.
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“Through the new asset backed program, we have the possibility to launch new products that enables us to access more markets and the institutional capital. This, in combination with the trust of the FINMA regulated crypto bank SEBA and the innovation and distribution power of Valour, creates a unique offering to the market. The work is already in process and we are excited to launch the first products,” says Russell Star, CEO of DeFi Technologies.
Guido Bühler, CEO of SEBA Bank added “The institutional adoption of digital assets continues to grow at pace, with investors looking to trusted, regulated counterparties in order to securely and successfully incorporate digital assets into their operations. We are proud to work together with DeFi Technologies and Valour to open access for investors to the incredible market opportunity offered by digital assets.”
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