SEBA Bank AG – a licensed institution in Switzerland, specializes in crypto-asset offerings – reportedly disclosed its successful attempt to obtain a CISA license from the Swiss Financial Market Authority. 

Specifically, the freshly acquired license from FINMA – supporting an institutional-grade custodian service for nation-native collective investment schemes – will reportedly help SEBA secure the first spot in the nation – and the world also – as a digital asset-centric bank to secure a custody license.

The regulatory approval will reportedly offer additional freedom for the institution to offer a wider variety of investment opportunities to professional clientele in the emerging cryptocurrency markets.

Established in 2018 and upholds a philosophy of next-generation digital banking, the company reportedly wasted no time in gaining the pioneering position in the regulated digital asset industry. 

In August the year after, the bank reportedly managed to acquire its banking and securities firm license, which supported the rollout of their SEBAwallet app, e-banking service, and SEBA card, offering to facilitate features for five major cryptocurrencies including Bitcoin and Ethereum.

“Two years ago SEBA Bank received a Swiss banking and securities firm license and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally.” Head of SEBA Bank, Guido Buehler, reportedly remarked regarding his perspective on the recently recorded successes of the bank. 

Regulatory assurances in a market still with a high level of volatility, have reportedly soon fallen under the radar of Europe’s elite. France’s central bank Banque de France chose SEBA as a participant in their experimental digital Euro pilot initiative, in an effort to deep-dive into the feasibility of CBDC’s in cross-border payments.