Swiss-Licensed Crypto Bank Begins Operations

SEBA Bank, which was recently granted a banking license by the Swiss Financial Market Supervisory Authority (FINMA) and offers services around both conventional and digital assets, is now fully operational.

After an onboarding phase with a designated customer group, SEBA has now officially started the onboarding of customers based in Switzerland. Its banking services are aimed at banks, asset managers, pension funds, companies and professional private investors.

In addition, a limited range of services is intended specifically for Swiss blockchain companies and their employees, giving these companies access to a corporate account with a Swiss bank.

As a result, SEBA claims that it is building a bridge between the traditional banking world and the new digital asset world, offering a wide range of services in the areas of asset management, trading, custody and financing.

“We are proud to have founded a bank within 18 months, raised CHF 100 million in capital from investors and obtained a banking and securities dealer licence from FINMA. The start of operations as the first bank to focus on digital assets is another milestone. We are on track towards creating a new banking experience and redefining the customer-bank relationship. Our customers should be able to take full advantage of the opportunities offered by the new asset classes without having to sacrifice security,” says Guido Bühler, CEO of SEBA Bank.

Galen Stops

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