FINMA Grants Custodian License to SEBA Bank

​SEBA Bank, a new innovative bank aiming at providing seamless integration bridge between digital and traditional assets, announced that it has been granted the CISA licence to act as a custodian bank for Swiss collective investment schemes.

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According to the press release, this is the first licence granted in Switzerland by the Swiss Financial Market Authority (FINMA) to a custodian bank focused on digital assets.

The new license enables the the Swiss bank to extend 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.

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"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,”Guido Buehler, CEO of SEBA Bank commented.

"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,”Buehler added.

Last month, SEBA Bank announced that it has added support for Aave (AAVE) and Chainlink (LINK) tokens​ as part of its offering expansion into DeFi.