SEBA Bank AG, a fully regulated Swiss-based institution that focuses on offering digital cryptocurrency assets, announced Wednesday the approval of a CISA license from the Swiss Financial Market Authority, or FINMA, to facilitate an institutional-grade custodian service for nation-native collective investment schemes.
This announcement enables the bank to become Switzerland’s — and indeed one of the world’s first — digital asset-centric banks to gain a custody license. The endorsement will allow the institution to provide greater investment opportunities to professional clientele in the emerging cryptocurrency markets.