Swiss digital asset bank Seba completes capital raise

News  /  Published 23 Dec 2020  / 

SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today approved at its Extraordinary General Meeting the completion of its Series B capital increase.

With this capital raise, SEBA Bank is primed to fuel and accelerate its growth strategy.

All existing key shareholders and new investors from Switzerland, Europe and Asia participated in the capital raise. With this strategic milestone SEBA Bank is well positioned to further deploy its domestic and international expansion and capture high growth.

SEBA Bank has today secured equity capital which will further strengthen its capital base, and this new equity will allow to expand the product and service offering, increase SEBA Bank’s lending capacity for clients and start leveraging the established hub in Switzerland into new markets.

SEBA Bank will tokenise its shares of the Series B fundraising soon after the blockchain law will come into force in Switzerland.

The capital raise follows the completion of our leading integrated digital and traditional investment platform. SEBA Bank will leverage its unique differentiators including:

Most secure custody and wallet services with military grade security solution
Top integrated trading platform including spot, derivatives and credit
End-to-end tokenisation platform across entire lifecycle of digital assets and currencies
Wide offering of investment products and discretionary mandates supported by institutional grade buy side research

Guido Bühler, CEO of SEBA Bank, states: “I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognised by our existing key shareholders and new investors leading them to participate in a second capital raise. This support 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 US institutional clients.”

Source: Finextra