A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched its investment business including a cryptocurrency index.
Also read: Swiss Crypto Bank SEBA Launches With Range of ServicesInternational Expansions
SEBA Bank AG, formerly SEBA Crypto AG, is a crypto-focused bank headquartered in Zug, Switzerland. The bank recently became fully operational and started onboarding Swiss clients after obtaining a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA).
The bank has announced that it is extending service to “clients from selected foreign jurisdictions” in December. A spokesperson for the bank told news.Bitcoin.com that the selected jurisdictions are the U.K., Italy, Germany, France, Austria, Portugal, Netherlands, Singapore, and Hong Kong.
SEBA Bank aims to build a bridge between the traditional banking world and the crypto world. Its services include custody storage, trading and liquidity management, asset and wealth management, transaction banking, and tokenization. They are aimed at professional investors, family offices, banks, asset managers, and blockchain companies.
The spokesperson further clarified to news.Bitcoin.com that the bank accepts BTC, ETH, ETC, LTC, XLM and NEO for its custody service. As for trading, it accepts BTC, ETH, ETC, LTC, and XLM.Investment Solutions and Crypto Index
The bank launched its investment business on Tuesday along with its index for crypto assets called the SEBA Crypto Asset Select Index (SEBAX). The bank has selected MV Index Solutions Gmbh (MVIS) to ma...