SEBA Bank has been granted a licence to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG) (the “CISA” licence) SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that the bank has been granted a licence to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG). This is the first licence granted in Switzerland by the Swiss Financial Market Authority (FINMA) to a custodian bank focused on digital assets. The CISA licence will accelerate SEBA Bank’s growth by extending its institutional-grade digital asset custody services to Swiss domiciled mutual funds in the
Topics:
Medienmitteilung considers the following as important: Digital Assets, Schweiz, SEBA, SEBA Bank, Zug
This could be interesting, too:
Bitcoin Schweiz News writes BREAKING NEWS: Bitcoin-Preis auf Allzeithoch und gibt es eine Obergrenze?
Bitcoin Schweiz News writes Schweizer lagern Milliarden in Gold zuhause – aber wie sicher ist das wirklich?
Bitcoin Schweiz News writes Schweiz Verpasst Bitcoin-Anschluss: Von Platz 2 auf Platz 11
Bitcoin Schweiz News writes Überreguliert und Talente nicht gefördert: Schweizer Parlamentarier erhalten Bitcoin-Kurs
SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that the bank has been granted a licence to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG).
This is the first licence granted in Switzerland by the Swiss Financial Market Authority (FINMA) to a custodian bank focused on digital assets. The CISA licence will accelerate SEBA Bank’s growth by extending its institutional-grade digital asset custody services to Swiss domiciled mutual funds in the fast-evolving digital assets space. This is an important new institutional capability in the evolution of digital assets investments across Europe.
This new licence extends SEBA Bank’s fully integrated digital asset investment activities by offering digital custody services for Swiss domiciled mutual funds, and is an important new enabler of liquid investment funds with crypto or other digital assets as an underlying investment class.
Guido Buehler, CEO of SEBA Bank, states
“Two years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally. With our new CISA licence, SEBA Bank continues its pioneering role in the institutional digital asset space. Asset Managers can now offer strategies based on crypto or other digital asset underlyings to a broader audience utilizing Swiss-based mutual fund structures secured by SEBA Bank as the CISA-licensed custodian.”