11th January 2022
The Swiss sister entity to Jordan-based Arab Bank is offering clients access to AAVE, COMP, UNI and more.
Arab Bank Switzerland, has extended its wealthy investor-focused cryptocurrency offerings to include 10 of the major decentralized finance (DeFi) tokens. It is another step in the institutional DeFi narrative.
Arab Bank Switzerland was established back in 1961 and was the first international affiliate of Arab Bank Group, which held $49 billion in assets as of 2018. The Swiss entity has $5 billion in assets under management.
As well as custodying BTC and ETH, Arab Bank Switzerland also offers staking on the Tezos blockchain.
Romain Braud, the bank’s digital assets director, said offering DeFi tokens to clients was a first step, with a view to more involvement in yield-generating protocols further down the line.