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SEBA Bank granted the first Swiss digital asset custody license

Published 09/29/2021, 12:00 AM
Updated 09/29/2021, 01:40 AM
SEBA Bank granted the first Swiss digital asset custody license

SEBA Bank AG, a fully regulated Swiss-based institution with a focus on the offering of digital cryptocurrency assets, has today announced the approval of a CISA license from the Swiss Financial Market Authority, or FINMA, to facilitate an institutional-grade custodian service for nation-native collective investment schemes.

This announcement enables the bank to become Switzerland’s, and indeed one of the world’s first, digital asset centric banks to gain a custody license. The endorsement will allow the institution to provide greater investment opportunities to professional clientele in the emerging cryptocurrency markets.

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