SEBA Starts Accepting Clients from 10 Countries Including Switzerland

The company is regulated by FINRA under Swiss laws.

Swiss crypto-focused banking startup SEBA on Thursday announced that it has started to take clients from nine additional jurisdictions apart from its home clients in Switzerland.

The newly added jurisdictions are Singapore, Hong Kong, U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands. With this, the banking startup is now taking institutional and private professional clients from ten different jurisdictions.

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SEBA made headlines in August when it received a banking and securities dealers’ licenses from Switzerland’s Financial Market Supervisory Authority (FINMA), becoming the first crypto-related company to receive such license along with its market competition Sygnum.

Commenting on the development, Guido Bühler, chief executive of SEBA Bank, said: “With our services, we want to redefine the customer-bank relationship and give clients a simple but the most secure banking experience both in the new and old financial world.”

Bridging the gap between crypto and banking

Last month, the bank introduced its new services, most of which are banking services to banks, asset managers, pension funds, companies, and professional private investors.

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To the blockchain companies, it provides a limited range of services, including corporate accounts necessary for their operations. It will also provide services to tokenize investment products, real assets, and rights.

With its services, the Swiss company is aiming to cover the entire lifecycle of digital assets.

SEBA also provides a wallet and e-banking platform which allows its clients to store five different digital currencies – Bitcoin, Ether, Stellar Lumens, Litecoin, and Ether Classic.

To support its investment solution, the company also launched a crypto index recently, Finance Magates reported.

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.

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