Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise

Seba, a younger Swiss-based digital asset financial institution holding regulatory licensing, seems to be to try a secondary capital elevate to garner over $95 million in further funds.

During the elevate, Seba goals to safe 100 million Swiss francs, equal to $96.5 million, “from new investors, including financial institutions, family offices and individuals,” Financial News London wrote in a Jan. 17 temporary.

Recent launch

Crypto pleasant startup SEBA Bank AG introduced its launch on Nov. 12, 2019 after Switzerland’s Financial Market Supervisory Authority (FINMA) authorised the outfit to function on the planet of securities and banking.

Seba raised vital capital in its first fundraising spherical, attracting over $103 million in U.S. greenback phrases, based on Seba CEO Guido Bühler in a Nov. 12 press launch. Bühler mentioned:

“We are proud to have founded a bank within 18 months, raised CHF [Swiss francs] 100 million in capital from investors.”

Rapid enlargement

Just one month after saying its launch, Cointelegraph reported on Seba’s enlargement to 9 further nations, together with Hong Kong, the United Kingdom, Germany, France, Portugal, Singapore, Italy and Austria.

Cointelegraph additionally detailed Seba’s partnership with Hypothekarbank in February 2019.

Cointelegraph reached out to Seba for extra clarification however obtained no remark as of press time. This article shall be up to date accordingly upon receipt of a response.

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