Digital Asset Bank SEBA Raises $120 Million

SEBA Bank, a Swiss-based and FINMA-licensed digital assets banking platform, yesterday announced that it has secured another round of funding, raising 110 million Swiss Francs (approximately $120m).

This is the third successful funding round for SEBA, which the crypto-focused bank described as “significantly oversubscribed”.

Participants in the funding round included Julius Baer, a leading Swiss wealth management group, Alameda Research, a cryptocurrency quantitative trading firm, and liquidity provider, and Summer Capital, an investor in early-stage Quantum, FinTech & Data companies.

SEBA has quite a large footprint already and currently supports over 25 markets globally.

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SEBA Bank’s CEO, Guido Buehler said, “This funding represents a significant milestone for SEBA Bank, is a testament to our foundations, and confirms our vision of being a global leader in new generation finance, enabled by blockchain technology and our comprehensive banking license. With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans. This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent.”

About SEBA: “SEBA Bank enables professional individuals and companies as well as institutional clients to invest, safely keep, trade and borrow against digital and traditional assets, all in one place. For Swiss Blockchain companies, SEBA will provide accounts and custody for fiat and digital assets. SEBA’s team aims to redefine finance and set new standards for security, transparency and performance. It consists of experts in the area of technology, information security, blockchain and finance”.