RATE Group | Cryptocurrency bank SEBA is now operational
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Cryptocurrency bank SEBA is now operational

14 Nov Cryptocurrency bank SEBA is now operational

Posted at 21:58h in Cryptocurrency News by

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  • The Switzerland-based bank is now offering SEBAwallet app, e-banking, and SEBA card facilities.
  • SEBA is also providing corporate accounts to blockchain companies and their employees.

SEBA Bank AG (formerly SEBA Crypto AG) shared a statement with The Block saying that it is fully operational. According to the statement – Swiss clients, including corporates, asset managers and professional private investors, can now open an account with the bank. It is further planning to onboard clients from selected foreign jurisdictions in December. Having been set up in 2018, SEBA received a banking license from the Authority (FINMA) earlier in August 2019. 

SEBA CEO Guido Buhler said:

We are proud to have founded a bank within 18 months, raised CHF 100 million [$100.5 million] in capital from investors and obtained a banking and securities dealer license from FINMA.

He further added that the customers of the bank should be able to utilize digital assets fully…

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