Swiss Cryptocurrency Bank SEBA Expands to Nine New Markets

The Swiss Cryptocurrency Bank SEBA has announced it’s now taking in client from nine additional jurisdictions, apart from its home market in Switzerland.

According to the announcement, Swiss Cryptocurrency Bank SEBA is now taking in clients from Singapore, Hong Kong, U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands. The move will also see the banking startup taking in institutional clients from these jurisdictions.

Swiss Cryptocurrency Bank SEBA notably received a banking license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year and was set up in April of last year. The bank’s CEO, Guido Buehler, was quoted as saying:

With our services we want to redefine the customer-bank relationship and give clients a simple but the most secure banking experience both in the new and old financial world.

The banking startup has also introduced various new services since it was launched. These include banking services for banks and pensions funds, as well as for professional private investors and asset managers. Its services also include the tokenization of rights, assets, and investment products.

Being a crypto-focused startup it also offers wallet and e-banking services to its clients, allowing them to store five cryptocurrencies – Bitcoin, Ether, Stellar Lumens, Litecoin, and Ether Classic.

The firm isn’t alone in its offering, however, as its rival Sygnum has also gotten a banking license in Switzerland in August, and went live a month after.