Swiss fintech startup SEBA Crypto AG has successfully raised 100 million Swiss Francs (approximately $100 million) to bridge traditional banking services with the cryptocurrency industry. The funding will enable SEBA to offer institutional-grade crypto asset management, trading, and custody solutions while complying with Switzerland’s stringent regulatory framework.
SEBA’s Vision: Merging Crypto and Traditional Finance
SEBA aims to provide the following services:
– Banking services tailored for crypto businesses (e.g., corporate accounts, lending).
– Asset management for institutional investors entering the crypto space.
– Securities and custody solutions regulated under Swiss law.
👉 Discover how blockchain is revolutionizing finance
Regulatory Progress
The company is seeking a dual banking and securities dealer license from Switzerland’s Financial Market Supervisory Authority (FINMA). Approval would position SEBA as one of the first fully regulated crypto banks globally.
Andreas Amschwand, SEBA’s Chairman and former UBS executive, emphasized Switzerland’s supportive stance:
“Switzerland’s progressive regulatory environment for blockchain and crypto assets makes it the ideal hub for innovative financial services.”
Global Crypto Banking Trends
SEBA’s initiative aligns with broader industry movements:
- Circle (Goldman Sachs-backed) is applying for a U.S. banking license to serve crypto firms across all 50 states.
- Russian banks recently expressed interest in blockchain during a closed-door meeting at the Moscow Exchange.
- Ripple partnered with Saudi Arabia’s National Commercial Bank to expand cross-border payment solutions in the Middle East.
👉 Explore crypto banking solutions
Key Features of SEBA’s Model
| Aspect | Detail |
|---|---|
| Regulation | FINMA licensing ensures compliance with Swiss banking standards. |
| Target Clients | Institutions, corporations, and qualified investors. |