CSA Investor Alert: Caution urged for Canadians investing with crypto-asset trading platforms

SEBA Crypto Obtains Banking and Securities Dealer License from FINMA

SEBA FINMAThe FINMA license was in SEBA’s sight right from the start as the CHF100 million raised in 2018 were used to build the first regulated bank to bridge the gap between the crypto and traditional financial economies. This milestone means there is now a new secure and integrated access point to the crypto world which is expected to go live in early October 2019.

Seba Crypto AG, the Switzerland-based crypto-fiat bank who raised CHF100 million from a mix of Swiss and international institutional and private investors in September 2018, has successfully obtained a banking and securities dealer license from the Swiss regulator FINMA.

“The banking license of the Swiss Financial Market Authority FINMA is not only a milestone for SEBA, it sets a new standard for banking in the Blockchain and digital asset economy. This moment has significance far beyond the Swiss financial industry”, said Andreas Amschwand, Chairman of the Board of SEBA.

Guido Bühler, Chief Executive Officer of SEBA
Guido Bühler, Chief Executive Officer of SEBA

“Today SEBA sets a new standard as a licensed integrated bank connecting the old and the new world. SEBA is a safe gateway between traditional banking and the digital asset market“, said Guido Bühler, CEO of SEBA. “We are proud to have built, in only 17 months, a licensed bank that fits into the digital environment of the 21st century.”

SEBA’s team consists of more than 60 experts in the area of technology, information security, Blockchain, and finance. The banking and securities dealer license granted by FINMA allows SEBA to help professional individuals and companies as well as institutional clients to invest, safely keep, trade and borrow against traditional and digital assets.

The Swiss bank’s offering will include custody storage, trading and liquidity management as well as asset and wealth management. Swiss blockchain firms will be provided with accounts and custody for fiat and digital assets. Digital asset tokenization solutions for professional and institutional investors are also on SEBA’s agenda.

smartTrade Technologies, the multi-asset electronic trading solutions provider, was chosen to deliver SEBA’s state-of-the-art crypto and traditional assets trading platform. 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.