SEBA Crypto has secured CHF 100 million ($102.7 million) in funding to build a regulated bank bridging the crypto and traditional financial economies. SEBA Crypto is aiming to use newly secured funding to build a regulated crypto bank to allow it to move assets more easily from crypto markets to the traditional banking sector . To this end , the Zug - based firm is aiming to secure a banking and securities trading licence from regulator Finma in conjunction with developing its services . SEBA secured $ 103 m of investment from domestic and international investors , both private and institutional , including BlackRiver Asset Management and Summer Capital . The new service will be aimed at private , corporate and institutional clients .
SEBA Crypto is aiming to use newly secured funding to build a regulated crypto bank to allow it to move assets more easily from crypto markets to the traditional banking sector . To this end , the Zug - based firm is aiming to secure a banking and securities trading licence from regulator Finma in conjunction with developing its services . SEBA secured $ 103 m of investment from domestic and international investors , both private and institutional , including BlackRiver Asset Management and Summer Capital . The new service will be aimed at private , corporate and institutional clients .