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Crypto bank SEBA raises $120 million in Series C funding

SEBA — the Switzerland-based regulated crypto bank founded by former UBS employees — has raised 110 million Swiss francs (around $120 million) in a Series C funding round. The round was co-led by a consortium of three investment firms — Altive, Ordway Selections, and Summer Capital — and DeFi Technologies. Alameda Research and SEBA’s existing investor Julius Baer, a Swiss private bank, also participated in the round, among other investors. The fresh capital will help SEBA expand internationally, increase its …

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

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 …