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Swiss Startup Gets $103 Mln Investment to Set Up Crypto Bank

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Thu, 27/09/2018 - 8:54
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Swiss Startup Gets $103 Mln Investment to Set Up Crypto Bank
Cover image via U.Today
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Reportedly, SEBA was set up by ex-UBS workers; now this startup plans to file an application to the local regulator FINMA to get a license for working in the banking and securities’ sphere. After obtaining permission, the firm will be allowed to trade crypto assets and derivatives and manage balances of other institutional investors.

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The CEO and chairman of SEBA claim that the newly created crypto bank will connect traditional banks and the crypto sphere. The startup also means to deal with financial issues for large corporations and provide advice on conducting ICOs.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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