SEBA Bank completes Series B capital fundraising round
By Megha Bhattacharya
SEBA Bank announced the completion of its Series B capital increase. The Bank aims to boost and accelerate its growth strategy. All existing key shareholders and new investors from Switzerland, Europe and Asia participated in the capital raise.
Guido Bühler, CEO of SEBA Bank, stated, “I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognised by our existing key shareholders and new investors leading them to participate in a second capital raise. This support will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in the Middle East and Asia and support US institutional clients.”
Recently, the Bank announced a collaboration with technology platform Tokensoft International AG. The partnership will see the integration of TokenSoft’s tokenization platform into SEBA’s asset tokenization services and allow it to offer tokenization solutions and blockchain software services in Switzerland and Europe.
The Bank offers secure custody and wallet services with a security solution, an integrated trading platform including spot, derivatives and credit, end-to-end tokenisation platform across the entire lifecycle of digital assets and currencies as well as investment products and discretionary mandates supported by institutional grade buy-side research.
SEBA Bank stated that the new funding will also further strengthen its capital base, and this new equity will allow to expand the product and service offering, increase its lending capacity for clients and start leveraging the established hub in Switzerland into new markets.
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May 30, 2023
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