Sunday, January 23, 2022

SEBA Bank Raises CHF 110 Million to Accelerate International Expansion

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To develop its worldwide presence, Switzerland-based digital belongings banking platform, SEBA Bank at this time introduced that the corporate has raised CHF 110 million in a Series C funding spherical. The FINMA-licensed platform is planning to gas its institutional enterprise by way of the newest funding.

Moreover, the corporate goals to speed up its growth in APAC and the Middle East. The particulars shared by the corporate spotlight vital curiosity from buyers for its Series C funding spherical. According to SEBA Bank, the spherical was oversubscribed with elevated funding from Julius Baer, SEBA’s current investor.

A consortium of specialised blockchain and fintech buyers, together with Altive, Ordway Selections, and Summer Capital co-led the newest financing. Additionally, Alameda Research and DeFi Technologies additionally joined the funding spherical.

“With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans. This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent,” Guido Buehler, CEO at SEBA Bank, commented.

Last yr, SEBA Bank gained a custodian license from FINMA. In April 2021, the digital belongings banking platform joined SIX as a crypto ETP issuer.

Swiss Crypto Ecosystem

Crypto corporations are flourishing in Switzerland. In September final yr, FINMA introduced the approval of the primary cryptocurrency fund. In the final 12 months, the Swiss Stock Exchange welcomed a number of new crypto ETP issuers.

Cheney Cheng, the Managing Partner of Altive, mentioned: “Given the global regulatory trend of digital assets, we envision that regulated crypto financial institutions like Swiss licensed SEBA Bank would become the cornerstone of the future finance. We are honored to have joined the company’s mission to make digital assets more accessible to the general public.”

To develop its worldwide presence, Switzerland-based digital belongings banking platform, SEBA Bank at this time introduced that the corporate has raised CHF 110 million in a Series C funding spherical. The FINMA-licensed platform is planning to gas its institutional enterprise by way of the newest funding.

Moreover, the corporate goals to speed up its growth in APAC and the Middle East. The particulars shared by the corporate spotlight vital curiosity from buyers for its Series C funding spherical. According to SEBA Bank, the spherical was oversubscribed with elevated funding from Julius Baer, SEBA’s current investor.

A consortium of specialised blockchain and fintech buyers, together with Altive, Ordway Selections, and Summer Capital co-led the newest financing. Additionally, Alameda Research and DeFi Technologies additionally joined the funding spherical.

“With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans. This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent,” Guido Buehler, CEO at SEBA Bank, commented.

Last yr, SEBA Bank gained a custodian license from FINMA. In April 2021, the digital belongings banking platform joined SIX as a crypto ETP issuer.

Swiss Crypto Ecosystem

Crypto corporations are flourishing in Switzerland. In September final yr, FINMA introduced the approval of the primary cryptocurrency fund. In the final 12 months, the Swiss Stock Exchange welcomed a number of new crypto ETP issuers.

Cheney Cheng, the Managing Partner of Altive, mentioned: “Given the global regulatory trend of digital assets, we envision that regulated crypto financial institutions like Swiss licensed SEBA Bank would become the cornerstone of the future finance. We are honored to have joined the company’s mission to make digital assets more accessible to the general public.”



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