DeFi Technologies Inc, a Canadian DeFi firm, announced its commercial partnership with SEBA Bank on Thursday. The announcement stated that both business parties would have a deal to exchange custody for staking, among other business services.
The preferred partnership aims to establish a close business relationship where both parties can work on various projects, including digital assets, investment management, capturing digital capital marketings, conducting institutional research, operating mining services, etc.
In a statement from the shared report, Russel Starr, CEO of DeFi Technologies, said, “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.”
DeFi Technologies Inc. is a technology company that has brought traditional capital markets and decentralized finance together. On the other hand, SEBA is a FINMA Licensed banking platform operating in digital assets.
With the new deal, DeFi Technologies will be providing staking service, client referrals and liquidity to SEBA. Similarly, SEBA will offer custody services to the company.
While commenting on the partnership, Guido Bühler, CEO of SEBA Bank, said, “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.”
The announcement has not given further details of the partnership deal. However, both parties believe the deal to be a crucial one in the Decentralized Finance industry.
In December last year, DeFi Technologies invested in Metaverse and Gaming Web 3.0 through the regulated traded product. The company officials believe that the SFSA approval of Metaverse Index ETP prospectus will play a key role in their investment mission. Owing to the increasing demand for Metaverse, the move will be ‘another step forward’ in bringing futuristic technology closer to investors, according to Diana Biggs, Chief Strategy Officer of DeFi Technologies.
