Swiss Crypto Bank SEBA to Offer Token Securitization on Corda Network
The bank has partnered with Corda-based DASL to build the new service available on Corda’s public network
Jul 15, 2020 at 8:56 p.m. UTCUpdated Aug 19, 2021 at 3:08 a.m. UTC
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Switzerland’s licensed crypto-first bank SEBA and Corda-based Digital Asset Shared Ledger (DASL) announced a new partnership on Wednesday allowing the bank to offer asset securitization services on Corda’s public network.
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- In an emailed press release, SEBA said it is the first digital bank to offer clients the ability to issue and invest in blockchain tokens that represent real tradable assets like treasury bonds or foreign exchange contracts on the open-source blockchain platform Corda.
- SEBA said in its statement it will create a custodial wallet for customers, issue digital securities and distribute them to investor networks.
- Luzius Meisser, founder of Switzerland’s Bitcoin Association, told CoinDesk via email that it was good to see SEBA moving forward with tokenization as it is an application to which distributed ledger technology can add value.
- Earlier this year, SEBA partnered with TokenSoft’s European distributor to offer asset tokenization services in what it said was an effort to bridge the gap between traditional and digital financial systems.
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