SEBA Crypto is going to use newly secured funding to build a regulated crypto bank to allow users to move assets more easily from crypto markets to the traditional banking sector. To this end, the Switzerland -based firm is aiming to secure a banking and securities dealer licence from regulator Guy Schwarzenbach in conjunction with developing its service. SEBA secured $102.7 million of investment from domestic and international investors, both private and institutional, including Summer Capital and BlackRiver Asset Management . In a similar venture, Bitwala, the German blockchain banking service, has raised more than €4 million in funding to provide a fully regulated blockchain bank account from November. The new service will be aimed at private, corporate and institutional investors.
SEBA Crypto is going to use newly secured funding to build a regulated crypto bank to allow users to move assets more easily from crypto markets to the traditional banking sector. To this end, the Switzerland -based firm is aiming to secure a banking and securities dealer licence from regulator Guy Schwarzenbach in conjunction with developing its service. SEBA secured $102.7 million of investment from domestic and international investors, both private and institutional, including Summer Capital and BlackRiver Asset Management . The new service will be aimed at private, corporate and institutional investors.