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Aave launches its permissioned DeFi platform Aave Arc

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Aave Arc, a permissioned version of the popular DeFi lending platform Aave, has launched today. Fireblocks, an institutional crypto custody firm, has become the first whitelister of Aave Arc. Aave first revealed the permissioned platform in July last year. The platform is aimed at institutions who want to participate in the DeFi sector in a compliant manner. Aave Arc enables certain parties who have undergone financial due diligence to be able to borrow and lend cryptocurrencies automatically to other such …

Switzerland’s SEBA Bank wants to use Aave’s institutional DeFi platform

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A digital asset-focused bank in Switzerland is seeking to become whitelisted on Arc, the institutional platform developed by the team behind DeFi lending protocol Aave. In a governance post shared Tuesday, a representative from the bank said that it has sought the white-listing in order to enable its clientele to more broadly access the Aave platform, stating that “[d]ue to various regulatory restrictions in their jurisdictions, SEBA’s institutional clientele has not been able deploy liquidities at large scale in Aave …