{"id":11228,"date":"2021-09-29T11:33:01","date_gmt":"2021-09-29T10:33:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11228"},"modified":"2021-09-29T11:33:12","modified_gmt":"2021-09-29T10:33:12","slug":"seba-bank-becomes-the-first-digital-asset-custody-bank-in-switzerland","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/seba-bank-becomes-the-first-digital-asset-custody-bank-in-switzerland\/","title":{"rendered":"SEBA Bank becomes the first digital asset custody bank in Switzerland"},"content":{"rendered":"\n
SEBA Bank AG, a fully regulated Swiss bank<\/a> focused on the offering of digital cryptocurrency assets, announced today that it has received license from the authorities to provide an institutional-grade custodian service for investment schemes.<\/h5>\n\n\n\n
\"\"<\/figure>\n\n\n\n

With this news, the bank becomes the first digital asset-centric bank in Switzerland\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and one of the first in the world, to obtain a custody license.<\/p>\n\n\n\n

With the approval, the institution will be able to provide more investment alternatives to professional clients in the burgeoning cryptocurrency markets.<\/p>\n\n\n\n

The firm grew to prominence as a pioneer in the regulated digital asset sector after being founded in mid-2018 with a philosophy of next-generation digital banking.<\/p>\n\n\n\n

In August of this year, the bank received its banking and securities business license, allowing them to launch its SEBAwallet software, e-banking service, and SEBA card, which support five main cryptocurrencies including Bitcoin and Ethereum.<\/a><\/p>\n\n\n\n

Guido Buehler, CEO of SEBA Bank, gave his opinions on the bank's recent successes:<\/p>\n\n\n\n

\u201cTwo years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally.\u201d<\/p><\/blockquote>\n\n\n\n

Regulatory safeguards in a market that is frequently regarded as unpredictable quickly drew the attention of Europe's elite. <\/p>\n\n\n\n

SEBA was chosen by France's central bank, Banque de France, to participate in their experimental digital Euro pilot project in mid-2020, with the goal of determining the practicality of CBDCs in cross-border payments<\/a>.<\/p>\n\n\n\n

Buehler also addressed the implications of obtaining the CISA license for adoption in Europe:<\/p>\n\n\n\n

SEBA Bank continues to be a leader in the institutional digital asset area with the addition of our new CISA license. Using Swiss-based mutual fund structures guaranteed by SEBA Bank as the CISA-licensed custodian, asset managers can now provide strategies based on crypto or other digital asset underlying to a bigger audience.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

SEBA Bank AG, a fully regulated Swiss bank focused on the offering of digital cryptocurrency assets, announced today that it has received license from the authorities to provide an institutional-grade custodian service for investment schemes. With this news, the bank becomes the first digital asset-centric bank in Switzerland , and one of the first in […]<\/p>\n","protected":false},"author":12,"featured_media":11234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1526,4707,569],"class_list":["post-11228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-assets","tag-seba-bank","tag-switzerland"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/SEBA-Bank-becomes-the-first-digital-asset-custody-bank-in-Switzerland.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11228"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11234"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}