SEBA Bank obtains the first institutional license for the custody of digital collective investment schemes in Switzerland
SEBA Bank, a FINMA-approved Swiss bank providing a transparent, secure and easy-to-use bridge between digital and traditional assets, today announced that the bank has been granted a license to act as custodian bank for Swiss collective investment schemes in accordance with to art. 72 CISA (KAG).
This is the first license granted in Switzerland by the Federal Financial Markets Authority (FINMA) to a custodian bank specializing in digital assets. The CISA license will accelerate the growth of SEBA Bank by extending its institutional grade digital asset custody services to Swiss domiciled mutual funds in the rapidly evolving digital asset arena. This is an important new institutional capacity in the evolution of investments in digital assets across Europe.
This new license expands SEBA Bank’s fully integrated digital asset investing activities by offering digital custody services for Swiss-domiciled mutual funds, and is an important new catalyst for liquid investment funds with crypto assets. or digital as the underlying investment class.
Guido Bühler, CEO of SEBA Bank, said: “Two years ago, SEBA Bank received a Swiss banking and securities company license and now enjoys excellent business momentum as institutional adoption of crypto and digital assets is accelerating globally. With our new CISA license, SEBA Bank continues its pioneering role in the field of institutional digital assets. Asset managers can now offer strategies based on crypto or other digital asset underlyings to a wider audience using mutual fund structures based in Switzerland and secured by SEBA Bank as a CISA approved dealer.
About SEBA Bank
Founded in April 2018 and headquartered in Zug, Switzerland, SEBA Bank is a pioneer in the financial industry by providing a comprehensive universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and brokerage license – the first time that a reputable regulatory authority such as FINMA has licensed a financial service provider with basic capacity in digital assets. The wide range of vertically integrated services, combined with the highest security standards, make SEBA Bank’s value proposition unique. This is why the Banque de France chose SEBA Bank to test the integration of the Central Bank Digital Currency (CBDC). CVVC Global Report and CB Insights name SEBA Bank among the top 50 companies in the blockchain ecosystem. Aite Group awarded SEBA Bank its 2021 Digital Wealth Management Impact Innovation Award in the “Digital Start-up of the Year” category.
For more information on SEBA Bank, please visit our website