SEBA: Ramping up crypto bank costs less than CHF 30 million

Contents

Swiss crypto bank SEBA raised $ 25 million in investments

Swiss crypto bank SEBA raised $ 25 million in investments
CONTENT

  • Swiss cryptobank reports on the successful closure of investment round B

  • Swiss financial regulator worries about Asian investments

  • The cryptobank did not disclose either the ratio of the funds raised or the investors themselves

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Swiss bank SEBA, focused on cryptocurrencies, announced raising $ 25 million in an investment round

Swiss Crypto Bank SEBA Bank Successfully Closes Investment Round B.

Swiss crypto bank SEBA raised $ 25 million in investments

The bank announced this on its official website.

The head of SEBA Bank Guido Buhler believes that the financing will accelerate the plans of the cryptobank to enter new markets in the Middle East and Asia, as well as “support institutional investors from the United States.”.

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According to the announcement, all current major shareholders and new investors from Switzerland, Europe and Asia took part in the funding round.

Swiss crypto bank SEBA raised $ 25 million in investments

Despite the fact that in the official message the bank does not indicate the size of the investment, SEBA’s head of marketing Sandra Frank Dudler in an interview with The Block announced $ 25 million of funds raised.

Middle East money

Thanks to the raised funds, SEBA intends to expand its services in Switzerland, as well as in the international market. Recall that SEBA Bank is one of the few cryptobanks that have received a license to provide services from the Swiss Financial Markets Authority (FINMA).

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As part of investment round B, SEBA Bank will also tokenize its shares after the entry into force of the blockchain law in Switzerland, according to the announcement.

It is noteworthy that in September FINMA expressed concern about the active attraction of investments in SEBA Bank from the Asian market. Then the Finews AG publication, citing two sources close to the regulator, reported that the department wants guarantees from the cryptobank that half of the upcoming round of funding will come from Switzerland.

The ratio of investment round B closed remains unknown.

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Swiss crypto bank SEBA raised $ 25 million in investments

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