On Tuesday, November 12, 2019, Zug-based bank, SEBA Bank AG officially opens its doors to Swiss clients. Having attained the FINMA banking license in August, and undergoing a one-month test phase, the inauguration makes it possible for clients to consider the bank for all purposes: traditional and digital assets.
As per the SEBA press release, targets of interest include not only banks, asset managers, pension funds and private investors, but also Swiss-based blockchain companies. The latter will be offered a segment of the services which are tailored specifically for their needs.
Speaking regarding this milestone is the CEO of SEBA Bank, Guido Buhler, who expressed honor in being able to establish a bank in a matter of 18 months by raising CHF 100 million (USD$100,456,900) from investors.
Here’s as per Buhler:
“We are on track towards creating a new banking experience and redefining the customer-bank relationship. Our customers should be able to take full advantage of the opportunities offered by the new asset classes without having to sacrifice security.”
Since April 2018, SEBA Bank has invested in a number of endeavors involving technologies and security for the overall safekeeping of digital assets. Customers can also get access to SEBAwallet app, E-banking and the SEBA Card – all of which support Bitcoin [BTC], Ether [ETH], Stellar [XLM], Litecoin [LTC] and Ethereum Classic [ETC] and help with bridging the gap between traditional digital currency.