Copy link
Increase text size
Decrease text size
Link copied

FINMA grants first Swiss crypto custody license to SEBA

SEBA Bank AG just became the first financial institution to gain the approval of a Swiss crypto custody license. The Swiss-based crypto services-focused bank announced that it secured the approval of a CISA license from the Swiss Financial Market Authorit

City of Zug, Switzerland / Image by: Wikimedia Commons

Wed, 29 Sep 2021, 10:37 am UTC

SEBA Bank AG just became the first financial institution to gain the approval of a Swiss crypto custody license. The Swiss-based crypto services-focused bank announced that it secured the approval of a CISA license from the Swiss Financial Market Authority (FINMA).

In an announcement on September 29, SEBA revealed that it has secured a license to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG) (the “CISA” license), according to Mondovisione.com. SEBA is a fully regulated bank based in Switzerland that provides services for both crypto and traditional assets.

The bank received the first crypto custody license in Switzerland issued by FINMA. With the CISA license, SEBA can now provide institutional-grade custodian services for collective investment schemes with liquid crypto or digital assets as the underlying investment class targeting professional investors.

The license allows SEBA’s institutional clients exposure to greater investment opportunities in the rapidly expanding crypto market, according to Cointelegraph. It also cements the banks position as among the pioneering financial institutions that offer crypto-related products and services to investors.

“With our new CISA license, SEBA Bank continues its pioneering role in the institutional digital asset space,” SEBA Bank CEO Guido Buehler said. “Asset Managers can now offer strategies based on crypto or other digital asset underlying to a broader audience utilizing Swiss-based mutual fund structures secured by SEBA Bank as the CISA-licensed custodian.”

Since its creation in mid-2018, since has risen to prominence in the regulated digital assets niche with its focus on providing its clients with the next-generation digital banking experience. In 2019, it launched its e-banking services, SEBA card, and SEBAwallet app after it secured its banking and securities license.

“Two years ago SEBA Bank received a Swiss banking and securities firm license and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerate globally,” Buehler added. The bank’s platform supports the top five cryptos including Bitcoin (BTC) and Ethereum (ETH).

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • BETTYK
  • 2021.10.09 22:18:41
I am very pleased with the help CYBER CREDIT GURU rendered in restoring my credits. I am a disabled Veteran who over the past 2 years had to let my credit go due to health priorities that were not covered by VA & other insurance, my credit scores were 514 Experian, 515 Equifax, and 518 TransUnion. No public records, only 3 open Accts but several collection Accts with Zero Balances, few Weeks ago, I ran into some Credit blogs on the net which led me to CYBER CREDIT GURU the most talked about US based Russian hacker, who tremendously repaired and upgraded my credit score to 784, 789, and 802 within the 3 Bureaus in just a Week after I contacted him. If faced with similar challenge, connect with him via: C Y B E R C R E D I T G U R U (AT) G M A I L (DOT) C O M or Call / Text: +1(650) 239 7249 you too can be helped, I recommend him without hesitation.
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $65,312.00 (+1.90%)
  • Ethereum (eth) $4,182.29 (+8.35%)
  • Binance Coin (bnb) $498.91 (+2.58%)
  • Cardano (ada) $2.24 (+6.31%)
  • Tether (usdt) $1.01 (+0.66%)
  • Bitcoin (btc) $65,312.00 (+1.90%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft