Switzerland’s Crypto Bank SEBA Expands to Singapore

Switzerland’s Crypto Bank SEBA Expands to Singapore

by December 13, 2019
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SEBA Bank, an integrated bank for digital and traditional assets and licensed by the Swiss supervisory authority FINMA, is now onboarding clients from Singapore alongside 9 other jurisdictions which includes Hong Kong, UK, Italy, Germany France, Austria, Portugal and Netherlands.

Just last month, Fintech News Switzerland reported that SEBA Bank went live in Switzerland.

SEBA Bank describes itself as an integrated bank focused on digital assets, working as a bridge between traditional finance and the world of digital assets. It offers a wide range of services in the area of asset management, trading, custody and financing. In the near future they are also looking to introducing tokenization of investment products, real assets, rights and primary financing.

Via the SEBAwallet app and the e-banking platform customers can manage at least five cryptocurrencies (Bitcoin, Ether, Stellar Lumens, Litecoin, Ether classic)  and convert them into traditional currencies and vice versa. The SEBA Card allows them to spend their money at around 42 million points of sale worldwide.

In Asset Management, SEBA customers can also conveniently enter the new world via Index Investing. The SEBA Crypto Asset Select Index (SEBAX) is new index for cryptographic assets is a dynamic, risk-optimised index with a broad market exposure of the crypto investment market.

 

Featured image credit: Unsplash

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