Tuesday, 14 July 2020

Swiss bank SEBA now accepts clients from 9 new markets, including Singapore and Hong Kong

SEBA Bank, an integrated bank focused on digital assets, finally received a licence from Swiss Financial Market Authority, FINMA – the first time such a licence to a bank with a main focus on digital assets and crypto was granted – offering a comprehensive range of services in digital and traditional finance.

Expansion into nine additional markets

For the first time, the Zug-based financial institution combines traditional banking with the new crypto and digital world, offering a wide range of services in the areas of asset management, trading, custody and financing. The tokenisation of investment products, real assets, rights and primary financing constitutes another mainstay and will be offered in the near future. This enables SEBA Bank to cover the entire lifecycle of digital assets.

After becoming fully operational in Switzerland as a first step, SEBA Bank now serves clients from nine different jurisdictions: Singapore, Hong Kong, UK, Italy, Germany, France, Austria, Portugal and the Netherlands. Its comprehensive 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.

New, easy and secure banking experience

“With our services, we want to redefine the customer-bank relationship and give clients a simple but the most secure banking experience both in the new and old financial world,” Guido Bühler, CEO of SEBA Bank, said.

Via the SEBAwallet app and the e-banking platform, customers can manage at least five cryptocurrencies: Bitcoin, Etherium, Stellar Lumens, Litecoin and Etherium Classic, easily, securely and cost-effectively, and convert them into traditional currencies and vice versa. The SEBA card allows them to spend their money at around 42 million points of sale worldwide.

In asset management, SEBA Bank’s customers can also conveniently enter the new world via index investing. The SEBA Crypto Asset Select Index (SEBAX), the new index for cryptographic assets, is a dynamic, risk-optimised index with a broad market exposure of the crypto investment market.


Re-disseminated by The Asian Banker

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