SEBA Bank AG, a fully regulated Swiss institution specializing in the provision of digital cryptocurrencies, today announced the approval of the CISA license from the Swiss Financial Markets Authority, or FINMA, to facilitate institutional depository services for national collective investment. diagrams.
This announcement allows the bank to become Switzerland and in fact one of the first digital real estate banks in the world to obtain a custodian license. The approval will allow the institution to offer significant investment opportunities to professional clients in the new cryptocurrency markets.
The company was founded in mid-2018 and has been behind the philosophy of the next generation of digital banking. One year later, in August 2019, the bank received a banking and investment firm license, which brought the SEBAwallet app, electronic banking and the SEBA card to market, in addition to supporting five major cryptocurrencies, including Bitcoin and Ethereum.
Guido Buehler, CEO of SEBA Bank, shared his thoughts on the banks’ recent successes:
“SEBA Bank received a Swiss license for corporate banking and investment two years ago, and is now enjoying excellent business momentum as institutional adoption of cryptocurrencies and digital assets accelerates globally.”
Legal insurance in a market that is often considered unstable, quickly attracted the attention of the European elite. In mid-2020, the French central bank Banque de France chose SEBA to participate in a euro pilot project in an attempt to see if a CBDC was possible for cross-border payments.
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Buhler also commented on the consequences of obtaining a CISA license for European adoption:
With the new CISA license, SEBA Bank continues to play a leading role in institutional digital assets. Asset managers can now offer strategies based on cryptocurrencies or other digital assets to a wider audience by using fund structures in Switzerland, which are protected by SEBA as custodians with a CISA license.