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Crypto bank SEBA launches operative business

SEBA Bank AG of Crypto Valley has launched its operative business in Switzerland. Clients can now open an account and deposit both traditional and digital assets. The offer will soon be extended to clients from abroad.

SEBA Bank AG
Image credit: SEBA Bank AG

Around three months ago, SEBA Bank AG was granted a banking licence by the Swiss Financial Market Supervisory Authority (FINMA). Following a one-month test phase, SEBA has now officially started the onboarding of customers based in Switzerland, announced a statement. The extension of onboarding to clients from abroad is planned for December.

Building a bridge between the traditional banking world and the new crypto economy, SEBA’s comprehensive banking services are aimed at banks, asset managers, pension funds, companies and professional private investors. It also has a range of services for Swiss blockchain companies, to give these companies access to a corporate account. Clients can invest in both traditional and digital assets, store them and trade them, and the bank also offers the tokenisation of investment products, real assets, rights and primary financing. 

Guido Bühler, CEO of SEBA Bank AG, described the launch of the bank’s operative business as a milestone. He said: “We are on track towards creating a new banking experience and redefining the customer–bank relationship. Our customers should be able to take full advantage of the opportunities offered by the new asset classes without having to sacrifice security.” 

SEBA was founded in April 2018 and is headquartered in Zug

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