The Swiss branch of Jordanian bank Arab Bank announced that it has made 7 decentralized finance tokens available to its customers, such as AAVE, COMP, UNI.
Arab Bank Switzerland, Phantom (FTM), Aave (AAVE), Compound (COMP), Synthetix (SNX), Chainlink (LINK), Polygon (MATIC), The Graph (GRT), Curve (CRV), Uniswap ( It started offering decentralized finance tokens (DeFi) such as UNI) and Yearn Finance (YFI) to its wealthy clients.
Arab Bank Switzerland, which also offers its customers the opportunity to invest in Bitcoin and Ethereum, also provides staking services on the Tezos blockchain.
“ The Purpose is to Get More Engagement“
Founded in 1962, Arab Bank Switzerland has $5 billion in assets under its management. The last move of the bank was to add 10 more decentralized finance tokens to the crypto money options it offers to its wealthy customers.
The bank’s director of digital assets, Romain Braud, said that offering DeFi tokens to customers is the first step in this area to engage more;
“For now, the idea is just for our customers to buy, sell and hold top DeFi tokens. However, we believe that traditional financial institutions will be replaced by these protocols in the near future and we want to be a part of this change. So naturally we want to delve deeper into such decentralized services in the future. ”
