SEBA was recently covered by The Industry Spread for having raised CHF100 million from a mix of Swiss and international institutional and private investors to build a regulated bank to bridge the gap between the crypto and traditional financial economies.
The new crypto-fiat bank is applying for a FINMA license to target institutions, corporates, and individuals and help them operate in both cryptocurrency and fiat economies, enabling new thinking, creating solutions and managing digital wealth efficiently.
As the chosen partner to provide SEBA’s trading solution, smartTrade will deliver a solution which encompasses connectivity to a large number of liquidity venues, aggregation, and execution, as well as Smart Order Routing (SOR), pricing, distribution, risk, order management, and analytics. smartTrade will also supply SEBA with hosting and collocation services.
David Vincent, CEO of smartTrade, commented:
“We are thrilled to be involved in what we think is a major financial industry turning point by providing the trading platform for SEBA. We fully embrace SEBA’s vision that Blockchain, the technology underpinning Bitcoin and other crypto assets, is the catalyst for the Fourth Industrial Revolution. Blockchain is already a technology delivering impact and reshaping the financial world. We are proud to be part of this amazing endeavor. Since its inception, smartTrade took the strategic decision to develop a truly multi-asset-class trading technology which is a real advantage when working on this kind of innovative project.”
Guido Bühler, CEO of SEBA, concluded:
“SEBA is a new financial services offering committed to security, transparency and performance. We are building our infrastructure from the ground up, hence partnerships with world class technology providers such as smartTrade are core to our ambition to be one of the first fully regulated and supervised Swiss crypto banks. Together, we intend to deliver a military grade, secure traditional and crypto banking experience for the new economy.”
smartTrade has prepared for the day in which blockchain and crypto assets would be in demand on an institutional level. The company started investing R&D resources very early on to develop high standard crypto technology.