SEBA Bank to tokenize its Series B shares and expand into MENA in 2021

SEBA Bank to tokenize its Series B shares and expand into MENA in 2021

SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets approved at its Extraordinary General Meeting the completion of its Series B capital increase. With this capital raise, SEBA Bank is primed to fuel and accelerate its growth strategy. All existing key shareholders and new investors from Switzerland, Europe and Asia participated in the capital raise. With this strategic milestone SEBA Bank is well positioned to further deploy its domestic and international expansion and capture high growth.

Prior to this SEBA Bank partnered with DASL allowing its institutional investors to invest in Digital securities. 

SEBA Bank has secured equity capital which will further strengthen its capital base, and this new equity will allow to expand the product and service offering, increase SEBA Bank’s lending capacity for clients and start leveraging the established hub in Switzerland into new markets.

SEBA Bank will tokenise its shares of the Series B fundraising soon after the blockchain law will come into force in Switzerland.

The capital raise follows the completion of their leading integrated digital and traditional investment platform. SEBA Bank will leverage its unique differentiators including:

  • Most secure custody and wallet services with military grade security solution
  • Top integrated trading platform including spot, derivatives and credit
  • End-to-end tokenisation platform across entire lifecycle of digital assets and currencies
  • Wide offering of investment products and discretionary mandates supported by institutional grade buy side research

Guido Bühler, CEO of SEBA Bank, states: “I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognised by our existing key shareholders and new investors leading them to participate in a second capital raise. This support will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in Middle East and Asia and support US institutional clients.

According to news source Swiss Info SEBA bank is thinking of setting up office in Abu Dhabi UAE. 

Source: seba Bank press release
Home

Copyrights © 2021 The Unlock Company DMCC

Stay updated with the latest Blockchain news. Subscribe and never miss a story!