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Swiss digital assets bank SEBA has expanded its crypto offering with the addition of three popular decentralized finance (DeFi) tokens, SEBA Bank said in a press release on 3 May.

According to the announcement, the FINMA-licensed bank now supports the “most important DeFi protocols available on the market”, namely Uniswap (UNI), Sythetix (SNX), and Yearn Finance (YFI). With the addition of the three DeFi tokens, SEBA now supports a total of nine digital assets, including Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, and the USDC stablecoin. The COO of SEBA Bank, Alistair Heggie, said in a statement:

“Investor interest in digital assets is growing rapidly, and many want to go beyond bitcoin. SEBA Bank offers investors bespoke access to the return drivers and diversification benefits of this new asset class. We are pleased to provide our expertise in digital assets to build exposure in this new asset class.”

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The bank’s customers will not only be able to custody and trade the new tokens, but also access them across all of SEBA’s investment solutions, including customized and actively managed client portfolios. By entering the DeFi world, SEBA plans to further its mission of providing an “easy-to-use bridge between digital and traditional assets”.

The addition of the three assets was supported by SEBA Research, which used both quantitative and qualitative metrics in its rigorous selection process. The bank further said the “value accrual mechanism, tokenomics and the underlying protocol” of the projects played a central role in the selection process as well.

Uniswap and Synthetix are two of the largest decentralized exchange protocols, holding around $6.5 billion and $2.2 billion respectively in Total Value Locked (TVL), according to DeFi Pulse data. Yearn Finance, on the other hand, is a leading DeFi yield farming aggregator with more than $3 billion in TVL.

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