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NetworkNewsAudio – Defi Technologies Co-Leads Investment into SEBA Bank (a Swiss Global Digital Assets Bank)

Company: DeFi Technologies Inc. (DEFTF)
Category: News
  • DeFi Technologies, a technology company bridging the gap between traditional capital markets and decentralized finance, is co-leading the round with an investment of CHF25 million and will also receive a seat on SEBA Bank’s Board of Directors.
  • Successful financing round is over-subscribed at CHF110 mln and is co-led by a consortium of specialized blockchain and fintech investors, including Altive, Ordway Selections, and Summer Capital. Alameda Research, a leading quantitative trading firm and core partner of FTX, also participated in the round.
  • SEBA funding to fuel expansion in APAC and the Middle East and to drive institutional business growth through investment in product offering and technology
  • Round was significantly oversubscribed, with existing investors, including Julius Baer , increasing their investment, reinforcing the future-proof business model of SEBA as bank of the new economy

SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced that it has closed a successful Series C funding round, raising CHF 110 million. The round was comprised of a consortium of specialized blockchain and fintech investors, co-led by DeFi Technologies (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, with an investment of CHF25 million. As part of the investment, DeFi Technologies will also receive a seat on SEBA Bank’s Board of Directors. Other funding partners included Altive, Ordway Selections, and Summer Capital. Alameda Research, a leading quantitative trading firm and core partner of FTX, also participated in the round. The round was significantly oversubscribed, with demand far exceeding the initial funding target. Existing investors, including Julius Baer, increased their positions in the funding round.

To view the full press release, visit https://nnw.fm/Kifdx

About DeFi Technologies Inc.

DeFi Technologies is a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance. Its mission is to expand investor access to industry-leading decentralized technologies and the future of finance. The company believes that decentralized technologies lie at the heart of financial innovation. On behalf of its shareholders and investors, DeFi Technologies identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide diversified exposure across decentralized finance. As a trusted partner for its clients and investors, the company provides industry-leading products and top-quality research and education in this fast-growing space. For more information, visit the company’s website at www.DeFi.tech.

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