Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday that it had completed a successful Series C funding round of 110 million Swiss franc, or $119 million U.S. dollars. Notable investors in the round included cryptocurrency exchange FTX, quantitative digital currency trading firm Alameda … [Read more...] about Seba Bank raises $119M in Series C funding
SEBA
Digital Asset Platform SEBA Bank Raises $119M for Global Expansion
“We plan to expand into a number of new priority markets globally with this funding including the Middle East. This funding will also be used to grow our headcount across these new priority markets,” SEBA Bank CEO Guido Buehler told CoinDesk in an email. “In addition, funding will be used to drive institutional business growth through further investment in our product offering … [Read more...] about Digital Asset Platform SEBA Bank Raises $119M for Global Expansion
SEBA Bank Offers Token for Digital Ownership of Gold
Digital asset banking platform SEBA is offering a stablecoin that serves as a token for digital ownership of gold.The token will be backed by physical gold, “ready for any time on-demand delivery,” SEBA announced Wednesday.The Zug, Switzerland-based firm said the token differs from other gold derivative investment products, such as exchanged-traded funds (ETFs) or … [Read more...] about SEBA Bank Offers Token for Digital Ownership of Gold
SEBA Bank launches regulated gold token to enable digital ownership of physical gold
On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions.In other words, the design of the gold … [Read more...] about SEBA Bank launches regulated gold token to enable digital ownership of physical gold