Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth

SEBA Bank, a digital assets firm with a banking license in Switzerland, has raised 20 million Swiss francs ($22.48 million) in a Series B funding round, it told CoinDesk.

STORY CONTINUES BELOW

Recommended for you:

Announcing the news Tuesday, SEBA said the investment primes the company to boost product offerings, as well as accelerate growth and international expansion.
Both existing and news investors from Switzerland, Europe and Asia joined the round, the firm said, but it did not disclose any names.
The company said it plans to tokenize shares of the Series B round once an expected Swiss blockchain law comes into force.
"This [investment] will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in Middle East and Asia and support U.S. institutional clients,” said SEBA Bank CEO Guido Buehler in the announcement.
SEBA offers cryptocurrency trading as well as custody services with claimed "military-grade" security. It also has a platform for the issuance and management of tokenized securities.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.