SEBA Launches New Crypto Index After Receiving FINMA License
A Switzerland-based cryptocurrency bank known as SEBA Crypto AG has recently announced the launch of a new index that will be used for digital assets. The index, which will be called SEBA Crypto Asset Select Index (SEBAX), will be optimized for risk and will offer exposure to the broad crypto market to institutional investors.
In order to launch the new index, SEBA cooperated with MX Index Solutions, a prominent European index administrator who helped it to devise the product.
SEBA was recently able to receive a license from FINMA, an important market regulator in Switzerland. With this new license, the company can legally offer investments based on digital assets to its clients now.
The crypto bank also launched its banking services recently, which cater to other banks, pension funds, large firms, and professional private investors, as well as asset managers. Blockchain companies can also use the services provided by SEBA, but they will have to face some restrictions, which were not revealed at the time.
Daniel Kuehne, the head of asset management at SEBA Bank, affirmed that the goal of the bank is to offer solutions that will help their clients to strengthen the confidence that they have in the crypto market and to achieve profit. With the firm’s help, the clients will be able to thrive in the industry and help it to grow more.
“With our investment solutions we want to offer investors the highest possible security and strengthen their confidence in the new, complex market environment of crypto currencies. With our product and investment expertise, we enable our clients to tap the new potential of digital asset classes with familiar rules from the existing financial world”
In related news, Sygnum, a company based in Singapore, has recently received a license to act in Switzerland as well. The firm is set to provide solutions for digital investments in Switzerland soon.