Zug-based Seba Bank is partnering with a Canadian technology company specialized in decentralized finance. 

Seba Bank is partnering with Toronto-based Defi Technologies in a deal to exchange custody for staking among other business services, the Canadian technology company said in a statement Wednesday.

The agreement will allow the parties to work more closely on asset and investment management, mining services, tokenization, digital capital markets and institutional research among other areas, according to the statement.

«(...) 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,» Russell Starr, CEO of Defi Technologies says in the statement.

Details of the deal were not disclosed.