Cryptocurrency bank SEBA has announced that it has added support for three decentralized financial tokens (DeFi): Uniswap (UNI), Synthetix (SNX), and Yearn Finance (YFI).
Crypto bank SEBA added support for three DeFi tokens: Uniswap (UNI), Synthetix (SNX), and Yearn Finance (YFI)
This development means that SEBA customers can now transact and deposit these tokens with the bank. They will also be able to access these tokens on bank investment solutions, including an actively managed and customized portfolio of clients.
SEBA Bank’s COO Alistair Heggie:
“Investor interest in digital assets is growing rapidly, and many want to go beyond Bitcoin.”
The bank currently supports six crypto assets: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Stellar lumen (XLM), Bitcoin Cash (BCH), and the USDC stablecoin for its crypto offerings.
The addition of SNX, UNI, and YFI is based on SEBA Research details, the bank said, adding crypto assets are chosen based on both quantitative and qualitative indicators.
“The value accrual mechanism, tokenomics, and the underlying protocol play a central role in this process.”
Uniswap and Synthetix are two of the largest decentralized exchange protocols, while Yearn Finance is the leading productivity aggregator, with assets worth more than $ 3 billion locked in the protocol.
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