SEBA Secures FINMA Banking and Securities Dealer Licenceby Company Announcement August 26, 2019
SEBA Crypto AG informs that it has successfully obtained a banking and securities dealer licence from the Swiss regulator FINMA.
This represents a milestone for the entire digital asset market ecosystem, as a new secure and integrated access point to the crypto world is now available. The 2018 founded start-up, led by CEO Guido Bühler, has successfully built a licenced and supervised bank within 17 months. The official go-live is expected to take place in early October 2019. The already announced cooperation between Julius Baer and SEBA will enter into force at this time.
With the banking and securities dealer licence granted by FINMA, SEBA is able to close an important gap between traditional banks and the digital asset world.
The company wants to enable professional individuals and companies as well as institutional clients to invest, safely keep, trade and borrow against traditional and digital assets, all in one place. In particular, the future offering will include custody storage, trading and liquidity management as well as asset and wealth management.
For Swiss Blockchain companies SEBA will provide accounts and custody for fiat and digital assets. SEBA’s team continues its mission to redefine finance and to set new standards for safety, transparency and performance. SEBA is developing a comprehensive range of industry-leading investment products and digital asset tokenization solutions for professional and institutional investors.
SEBA is well capitalized with the CHF 100 million raised in the September 2018 funding round. Currently, SEBA’s team consists of more than 60 experts in the area of technology, information security, Blockchain and finance.