In Brief:
- SEBA has submitted a proposal to Aave for adding SEBA Bank as a Whitelister to Aave Arc.
- The launch of Aave Arc will help in accessing DeFi yields while remaining compliant with the regulatory obligations.
A governance post by Aave mentions that SEBA has submitted a proposal to Aave for adding SEBA Bank as a Whitelister to Aave Arc. Arc is the institutional platform developed by the team behind DeFi lending protocol Aave.
SEBA, a licensed Swiss bank provides a seamless, secure and easy-to-use bridge between digital and traditional assets. It allows securing, trading, and managing cryptocurrencies, digital assets, and conventional securities.
The post mentions that SEBA’s institutional clientele has not been able to deploy liquidities at large scale in Aave uptil now as there are many regulatory restrictions in their jurisdictions.
The launch of Aave Arc will provide an opportunity for them to access DeFi yields while remaining compliant with their regulatory obligations.
The post reads, “At SEBA, we believe that this will directly benefit the Aave community with institutional liquidities accelerating growth in TVL and in protocol revenues”.
Over the past few months, SEBA has received several institutional demands to access DeFi liquidity protocols like Aave. Due to its network with money managers in Switzerland and beyond, SEBA can bridge institutional liquidities in the Aave Arc protocol.
As reported earlier, Aave Arc got ready for its first deployment as Fireblocks made a proposal to be the first whitelister for when it is deployed. Fireblock announced to work as a gatekeeper ensuring that only whitelisted participants can get involved.
