SEBA, the integrated bank focusing on digital assets, is officially onboarding customers in Switzerland. This comes just 18 months after its foundation and a few weeks after being granted a banking licence by the Swiss Financial Market Supervisory Authority, FINMA.
SEBA developed a secure, easy-to-use, fully licensed, and supervised one-stop banking solution, offering products and services in the areas of asset management, trading, custody and financing to private individuals as well as banks, asset managers, pension funds, companies and professional private investors. Also, a limited range of services is intended specifically for Swiss blockchain companies and their employees. The startup gives these companies access to a corporate account with a Swiss bank, thereby closing an important gap in the local ecosystem.
After an onboarding phase with a designated customer group, Swiss customers can now open an account with SEBA. Customers can also invest in both traditional and digital assets, store them, trade them, and take out loans – now via an integrated interface. Using the SEBAwallet app, E-Banking and the SEBA Card, customers can manage at least five cryptocurrencies (Bitcoin, Ether, Stellar, Litecoin, Ether classic) easily, securely and cost-effectively, and convert them into traditional currencies and vice versa online. The extension of onboarding to clients from selected foreign jurisdictions is planned for December 2019.
“We are proud to have founded a bank within 18 months, raised CHF 100 million in capital from investors and obtained a banking and securities dealer licence from FINMA. The start of operations as the first bank to focus on digital assets is another milestone. 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,” says Guido Bühler, CEO of SEBA Bank.(Press release)
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