DeFi Technologies Announces Preferred Partnership Agreement with SEBA Bank AG, a Leading, Global Private Swiss Crypto Bank
TORONTO, Jan. 5, 2022 – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralised finance, is thrilled to announce it has entered into a commercial agreement (the “Preferred Partnership Agreement“) to establish a preferred partnership relationship 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. This industry-leading agreement is unprecedented in the growing crypto ecosystem, and will give DeFi Technologies, along with its 100% owned subsidiary Valour Inc (“Valour“), yet another competitive edge in this nascent space.
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.
“DeFi Technologies’ relationship with SEBA (a fully integrated, FINMA licensed digital assets banking platform), is one of the first of its kind between a crypto specialized bank, SEBA, and DeFi Technologies. Synergies exist in various areas which will benefit both parties, our respective shareholders, and serve to provide greater institutional access for custodial services and regulated investment opportunities in the growing decentralised finance and Web 3.0 space,” said Russell Starr, CEO of DeFi Technologies. “We at DeFi Technologies and Valour believe that this partnership will create value for the Company’s shareholders on so many different fronts that it is almost impossible to quantify. SEBA has one of only two FINMA licenses and in working with DeFi Technologies both parties will be able to create value for each other – whether it be new product launches in the ETP space, potential co-launching of ETFs, staking, custody, and other unrealized possibilities. With this relationship, DeFi Technologies has set itself apart from the rest of the listed and regulated crypto space. Shareholders and stakeholders should be extremely excited at the potential of this agreement. Watching the amount of capital flowing into this space such as the recent investment by KKR into Anchorage Bank1 bodes extremely well for the industry in 2022.”
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. Our partnership with DeFi Technologies, a leader in opening access to decentralized finance, enables us to build on our work providing our pioneering services to such investors. We are proud to work together to open access for investors to the incredible market opportunity offered by digital assets.”
crocon media is owned by the sillc assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.
Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.