SEBA Bank (a digital assets firm with a banking license in Switzerland that provides a seamless, secure, and easy-to-use bridge between digital and traditional assets) has raised 20 million Swiss francs (equivalent to US$22.48 million) in its Series B funding round.
Reports say that the funds raised by the bank will help it to boost product offerings, accelerate growth, and also expand internationally. This funding round was joined by many new and existing investors from Europe, Switzerland, and Asia. However, no names were disclosed.
Once the expected Swiss blockchain law comes into existence, the company is reportedly planning to tokenize the Series B round. Guido Buhler, CEO of SEBA Bank, has said in an announcement: “This [investment] will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in the Middle East and Asia and support U.S. institutional clients.”
SEBA bank is well known in the crypto world for providing its customers with cryptocurrency trading facilities and custodial services with “military-grade” security. The bank also provides its customers with a platform that deals with the issuance and management of tokenized securities.