SEBA Bank Becomes First Swiss Crypto Asset Licensed Custodian Bank
- SEBA Bank issued the first digital asset custody license in Switzerland.
- The bank will now focus on creating digital crypto assets.
- SEBA continues to partner with institutions to create crypto assets facilities.
SEBA Bank announced today that it has been granted a CISA license from the Swiss Financial Market Authority (FINMA). Specifically, The license given to SEBA is to allow the firm to officially act as the custodian bank for Swiss collective investment schemes. With this achievement, SEBA Bank will help in the evolution of digital asset investment across Europe.
To note, SEBA Bank is the first crypto firm back in 2019 to obtain a banking license from the Swiss financial markets regulator. This was just a year after it started operation in mid-2018. Later on, it launched its crypto banking services alongside.
With a brief description, SEBA Bank is a crypto Swiss-based company that offers a secure and easy-to-use bridge between digital and traditional assets.
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Text source: News – CoinQuora – Latest Cryptocurrency and Block
