SEBA receives FINMA banking and securities dealer licence

EQS Group-Media / 2019-08-26 / 10:00 
 
*Media Release* 
 
*SEBA receives FINMA banking and securities dealer licence allowing it to 
close the gap between traditional and digital asset markets* 
 
*- For the first time, a reputed regulatory authority - the Swiss Financial 
Market Authority (FINMA) - grants a banking licence to a financial services 
provider with main focus on digital assets* 
 
*- As a licenced and regulated bank, SEBA will be able to start operations 
providing integrated banking and investment products and services in a 
secure environment * 
 
*- SEBA will enable professional and institutional clients to invest, safely 
keep, trade and borrow against traditional and digital assets, as well as 
issue tokens, in one place* 
 
*- This represents a significant step forward in the evolution of the 
digital asset market ecosystem* 
 
Zug/Switzerland, 26 August 2019 - SEBA Crypto AG (SEBA) is proud to announce 
it has successfully obtained a banking and securities dealer licence[1] from 
the Swiss regulator FINMA. This represents a milestone for the entire 
digital asset market ecosystem, as a new secure and integrated access point 
to the crypto world is now available. The 2018 founded start-up, led by CEO 
Guido Bühler, has successfully built a licenced and supervised bank within 
17 months. The official go-live is expected to take place in early October 
2019. The already announced cooperation between Julius Baer and SEBA will 
enter into force at this time. 
With the banking and securities dealer licence granted by FINMA, SEBA is 
able to close an important gap between traditional banks and the digital 
asset world. The company wants to enable professional individuals and 
companies as well as institutional clients to invest, safely keep, trade and 
borrow against traditional and digital assets, all in one place. In 
particular, the future offering will include custody storage, trading and 
liquidity management as well as asset and wealth management. For Swiss 
Blockchain companies SEBA will provide accounts and custody for fiat and 
digital assets. SEBA's team continues its mission to redefine finance and to 
set new standards for safety, transparency and performance. SEBA is 
developing a comprehensive range of industry-leading investment products and 
digital asset tokenization solutions for professional and institutional 
investors. 
SEBA is well capitalized with the CHF 100 million raised in the September 
2018 funding round. Currently, SEBA's team consists of more than 60 experts 
in the area of technology, information security, Blockchain and finance. 
 
Andreas Amschwand, Chairman of the Board of SEBA, commented: "The banking 
licence of the Swiss Financial Market Authority FINMA is not only a 
milestone for SEBA, it sets a new standard for banking in the Blockchain and 
digital asset economy. This moment has significance far beyond the Swiss 
financial industry." 
Guido Bühler, CEO of SEBA, said: "Today SEBA sets a new standard as a 
licenced integrated bank connecting the old and the new world. SEBA is a 
safe gateway between traditional banking and the digital asset market. We 
are proud to have built, in only 17 months, a licenced bank that fits into 
the digital environment of the 21st century." 
 
For further information and the press kit, please visit our website 
www.seba.swiss [1]. 
 
*For inquiries:* 
SEBA Crypto AG 
Media Office 
Eva Oberholzer 
[e-mail] 
[phone] 
 
[1] The licence is granted on a conditional basis and will come into effect 
once SEBA fulfils all the secondary criteria specified by FINMA. SEBA will 
not be operational or onboard clients until the criteria are met. 
 
Issuer: SEBA Crypto AG 
Key word(s): Finance 
 
End of Corporate News 
862895 2019-08-26 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6f5437d4a684ce597002432483203194&application_id=862895&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

August 26, 2019 04:00 ET (08:00 GMT)