“We are thrilled to be involved in what we think is a major financial industry turning point by providing the trading platform for SEBA.” Said smartTrade’s CEO, David Vincent, “we fully embrace SEBA’s vision that Blockchain, the technology underpinning Bitcoin and other crypto assets, is the catalyst for the Fourth Industrial Revolution. Blockchain is already a technology delivering impact and reshaping the financial world.”
SEBA, a Swiss company, plans on building a regulated bank as a bridge between the cryptocurrency and regular financial economies. Based in Zug, Switzerland’s ‘crypto valley,’ the firm aims to build this bridge by allowing for the flow of assets between the crypto and traditional financial markets.
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smartTrade – liquidity Connection
Crazy as this may sound, SEBA is already attempting to get licensing. In its statement this Thursday, the firm said that it is in talks with the Swiss Financial Market Supervisory Authority regarding a banking license.
Regardless of whether or not it gets licensing, smartTrade will be providing a range of technology to the company. According to Thursday’s a statement, the technology company will be connecting SEBA to different liquidity venues as well as providing aggregation, execution and smart order routing solutions. On top of this, smartTrade will be providing pricing, distribution, risk, order management and analytics.
“SEBA is a new financial services offering committed to security, transparency and performance,” said Guido Bühler, CEO of SEBA. “We are building our infrastructure from the ground up, hence partnerships with world class technology providers such as smartTrade are core to our ambition to be one of the first fully regulated and supervised Swiss crypto banks. Together, we intend to deliver a military grade, secure traditional and crypto banking experience for the new economy.”