SEBA Crypto AG, a Swiss crypto-focused bank, on Wednesday announced the launch of an index for digital assets alongside its investment solutions.
Dubbed SEBA Crypto Asset Select Index (SEBAX), the index is dynamic and risk-optimized with a broad market exposure of the crypto-investment market, per the company.
Bringing banking services to deprived crypto companies
SEBA gained a banking and securities dealers’ license from the Swiss Financial Market Supervisory Authority (FINMA) in August to legally offer digital asset-based investment instruments to institutional clients. Along with Sygnum, it became the first such crypto company to receive a license from the Swiss regulator.
Earlier this month, the crypto bank launched its banking services in the country for banks, asset managers, pension funds, companies, and professional private investors. It will also provide services to tokenize investment products, real assets, and rights.
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To the blockchain companies, its service will be restricted, meaning it will offer them with corporate accounts crucial for the operation of a company.
For the launch of the index, SEBA has cooperated with the European index administrator MV Index Solutions while Gentwo Digital was brought on board to implement the specific requirements of structuring the first investment solution.
Commenting on the new products, Daniel Kuehne, head of asset management at SEBA Bank AG, said: “With our investment solutions we want to offer investors the highest possible security and strengthen their confidence in the new, complex market environment of crypto currencies. With our product and investment expertise, we enable our clients to tap the new potential of digital asset classes with familiar rules from the existing financial world.”
Meanwhile, Sygnum also headed towards the Asian market and received a capital markets services license from the Singaporean regulator with which it can provide digital asset investment strategies to accredited and institutional investors.