DEFTF - InvestorNewsBreaks - DeFi Technologies Inc. (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF) Featured in Broadcast Discussing Successful Close of SEBA Bank Funding
DeFi Technologies Inc. (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF), a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance, is featured in a NetworkNewsAudio (“NNA”) release. The audio press release covers the recent closing of a CHF110 million Series C funding round into SEBA Bank; the bank is a fully integrated, FINMA-licensed digital assets banking platform. According to the release, the funding was co-led by DeFi Technologies, which made an investment of CHF25 million. As a result of that investment, DeFi Technologies will be allotted a seat on SEBA Bank's board of directors. Other funding partners included Altive, Ordway Selections and Sumer Capital, with Alameda Research also participating. The release also noted that the funding was significantly oversubscribed with demand exceeding the initial funding target. “DeFi Technologies’ relationship with SEBA Bank is one of the first of its kind between a private crypto bank and a public technology company,” said DeFi Technologies CEO Russell Starr in the release. “Synergies exist in various areas, which will benefit both parties, our respective shareholders, and serve to provide greater institutional access for custodial services and regulated investment opportunities in the growing decentralised finance and Web 3.0 space. SEBA Bank has one of only two FINMA licenses, and in working with DeFi Technologies, 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. We are absolutely thrilled to continue building institutional grade products across this vastly expanding landscape of DeFi, in partnership with SEBA Bank.”
To hear the full audio broadcast, visit https://ibn.fm/v3ErT
To view the full press release, visit https://ibn.fm/OTb26
About DeFi Technologies Inc.
DeFi Technologies Inc. is a technology company 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. 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 trusted, diversified exposure across the decentralized finance ecosystem. For more information, visit the company’s website at www.DeFi.tech.
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