Crypto-bank SEBA announced Monday that it has added support for three decentralized finance (DeFi) tokens: Uniswap (UNI), Synthetix (SNX) and Yearn Finance (YFI).
The development means that SEBA customers can now exchange and keep these tokens with the bank. They will also be able to access these tokens through the bank’s investment solutions, including personalized and actively managed client portfolios.
âInvestor interest in digital assets is growing rapidly, and many want to go beyond bitcoin,â said Alistair Heggie, COO of SEBA Bank. 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 information from SEBA Research, the bank said, adding that crypto assets are selected based on quantitative and qualitative metrics. âThe mechanism of value accumulation, tokenomics and the underlying protocol play a central role in this process,â said SEBA.
Uniswap and Synthetix are two of the largest decentralized exchange protocols, while Yearn Finance is one of the leading aggregators of yield agriculture, having over $ 3 billion value of the assets locked in the protocol, according to the DeFi Pulse tracker.