Switzerland’s SEBA Bank AG, which provides digital and traditional asset services, and Tokensoft International AG, a technology platform, announce a strategic partnership in asset tokenisation.
As part of the partnership, the firms say Tokensoft’s platform will become an integral component of SEBA’s asset tokenisation services. US-based Tokensoft Inc provides the technology to Tokensoft for the provision of tokenisation solutions and blockchain software services in Switzerland and Europe.
SEBA and Tokensoft have been collaborating closely on a range of digital client solutions and technologies and say these will be made available as part of this strategic partnership. This will broaden SEBA’s tailored asset tokenisation technology and advisory solutions for institutions and qualified private individuals, allowing clients to design, structure, issue and manage digital assets on SEBA’s platform, the firms say.
Additionally, by combining Tokensoft’s technology expertise and critical market infrastructure utilities with SEBA’s financial market knowledge and enterprise grade tokenisation capabilities, the firms will offer services to a wider range of clients.
Moreover, the firms say they will together be able to promote common tokenisation standards to ensure interoperability between blockchain and traditional financial systems, bridging traditional fiat-banking with both existing and emerging digital banking processes and technology.
Matthew Alexander, head asset tokenisation at SEBA, says: “We are convinced that this strategic partnership will enable us to provide our clients with enhanced tokenisation technology and solutions to suit existing and emerging demands. As one of the leading security token issuance and asset servicing platforms, Tokensoft’s core competencies perfectly complement our existing asset tokenisation capabilities. Our asset tokenisation division offers enterprise grade solutions, with our Swiss banking license assuring the highest standards in security and stability.”
Mason Borda, CEO of Tokensoft Inc, adds: “Switzerland has been at the forefront of digital asset development – SEBA is globally one of the first banks with a focus on digital assets, which received a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). We believe that such partnerships are the kind of careful, detailed groundwork that will lay the foundations for a robust digital asset economy in the years to come.”