SEBA Bank applies to the Arc White List, the institutional DeFi platform developed by Aave

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In this regard, the SEBA envisages that this measure could bring its customers closer to the sector. DeFi, to which local regulations do not allow them to provide greater liquidity to protocols such as Aave.

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SEBA Bank, the international bank based in Switzerland, submitted a proposal to be included in the Arc’s White List, the new institutional platform a place to buy, sell and store cryptocurrency developed by the team responsible for the protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. Aave.

SEBA is running for the White List de Arc

This was revealed by the Arc team in a new statement to its members today, where it clarified that SEBA’s participation in the White List seeks to bring the bank closer to the ecosystem. DeFi and share in the associated benefits, thus enabling its clients to actively participate in the ecosystem of Aave.

The measure poses an interesting scenario, since SEBA is a banking institution that complies with high local and international regulatory standards, so bringing its user base closer to the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance sector seems a rather bold move, especially given the signals made by authorities and regulators about the rise of DeFi in recent times.

In this regard, a representative of the bank ratified the intention of SEBA to offer this possibility to the clients, since due to the “various regulatory restrictions in their jurisdictions, institutional clientele… have not been able to deploy large-scale liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. in Aave so far.” and added:

“The launch of Aave Arc with its authorized layer represents a great opportunity for them to access DeFi returns while still meeting their regulatory obligations. At SEBA, we believe this will directly benefit the Aave community with institutional liquidity that will accelerate the growth in LTV and revenue of the protocol… SEBA has received increasing institutional demand for access to DeFi liquidity protocols such as Aave over the past few months… has significant interest from its client a client is software that can access and process blockchain transactions on a local computer. A common application of this is a cryptocurrency software wallet. base to participate in Aave Arc, and with its close refers to the closing price; similar to the same term used in stock trading. connections to money managers in Switzerland and beyond, SEBA is ideally positioned to bridge institutional liquidity into the Aave Arc protocol.”

The rise of DeFi

As such, the plans of SEBA come at a particularly important time for the sector. DeFi, which has been gaining a lot of momentum in recent months and is expected to be one of the main ecosystems that continues to attract capital capital is most commonly defined as the large sum of money you would use to invest. within the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. sector.

Sobre Aave, the platform operates through several networks and allows its users to access liquidity programs and loans, deriving revenue from funding the service. According to data published by Defipulse.com, this protocol ranks third among the DeFi’s with the most value locked up, handling at least $11.5 billion from its clients.

In terms of the sector DeFi, even though it officially started over the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Ethereum, the incursion of others Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. has also opened up the spectrum even more among those interested in this ecosystem. In recent times, protocols that operate on top of Solana, Terra y Avalanche, which has caused their coins to gain a lot of traction in recent weeks.