SEBA Bank, a FINMA licenced Swiss Bank, has announced plans to team up Digital Asset Shared Ledger (DASL), a liquidity network for digital assets.
This partnership allows SEBA Bank to offer institutional clients the possibility to issue and invest in Digital Securities representing financial instruments on the public Corda Network. DASL’s digital securities offering includes issuance, transfer, portfolio management, asset servicing, and clearing and settlement enabled by cutting edge Distributed Ledger Technology.
SEBA Bank will offer primary asset tokenization and distribution using DASL, as a complement to SEBA’s Custody, Asset Management, and Trading product. SEBA will create a wallet for onboarded custody customers, issue digital securities, and distribute them to wealth management and other investor networks.
According to the official press release, this cooperation paves the way for further exciting product generation and liquidity creation over time, where DASL will support SEBA Bank’s strategy to be a partner to institutions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.