SEBA Bank expands into Singapore and Hong Kong

Tuesday 17 December 2019 13:03 CET | News

Switzerland-based SEBA Bank has expanded to Singapore and Hong Kong, with onboarding clients from UK, Italy, Germany, France, Austria, Portugal, and the Netherlands.

The bank secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August 2019, and it currently offers services in digital and traditional finance. Its product, with the SEBAwallet app and the online banking platform, allows its customers to convert cryptocurrencies into traditional currencies and vice versa.

According to IBS Intelligence, SEBA had announced the launch of its investment solutions and the new SEBA Crypto Asset Select Index (SEBAX) for cryptographic assets in November 2019. SEBAX is a risk optimised index that aims to enable optimised diversification. Moreover, besides offering banking services to banks, asset managers, pension funds, companies, and professional private investors, SEBA Bank caters to Swiss blockchain companies and their employees.

More: Link

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Keywords: SEBA Bank, Singapore, Hong Kong, jurisdictions, expansion, banking, financial services, cryptocurrencies, digital assets, pensions, blockchain, online banking
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3