SEBA Bank announced the completion of its Series B funding round without disclosing the amount of capital raised.
The funding round follows the completion of its integrated digital and traditional investment platform. All existing key shareholders and new investors from Switzerland, Europe and Asia participated in the capital raise.
The funding will be used to strengthen its capital base, expansion of its product and service offerings, increase its lending capacity for clients and expansion into new markets. SEBA Bank will also tokenise its shares of the Series B fundraising soon after the blockchain law comes into force in Switzerland.
Guido Bühler, CEO of SEBA Bank, states:
“I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognised by our existing key shareholders and new investors leading them to participate in a second capital raise.
This support will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in Middle East and Asia and support US institutional clients.”
SEBA Bank had recently announced a partnership with Tokensoft where the latter’s tokenisation platform will become an integral component of SEBA’s asset tokenisation services.
Soon after, SEBA announced that it was one of the eight companies selected by the Central Bank of France to test out the use of Central Bank Digital Currency (CBDC) for interbank settlements over the next few months.
