SEBA bank is a fully integrated digital assets banking platform licensed by the FINMA. It today announced that it had raised CHF 110 million in a Series C funding round. A consortium of fintech and blockchain investors led the round, including Altive and Ordway Selections. Also, Summer Capital and DeFi Technologies. This is a fully integrated, FINMA licensed digital assets banking platform. It raised CHF 110 million. Alameda Research is a global cryptocurrency liquidity provider and trading firm, as well core partner of FTX. Round was highly popular, with demand exceeding the original funding target. The round was dominated by existing investors, including Julius Baer.
The funding round will accelerate the significant growth SEBA Bank has experienced over the last year. SEBA Bank currently supports over 25 markets worldwide. It appointed an APAC CEO earlier this year to strengthen its presence in Hong Kong, Singapore and other priority markets such as the Middle East. With a number of new appointments to its senior leadership team, the company will continue to grow its workforce and expand into new markets.
Guido Buehler is the CEO of SEBA Bank. He stated: “This funding represents an important milestone for SEBA Bank. It is a testament our foundations and confirms that our vision to be a global leader and innovator in new generation finance, enabled blockchain technology and our comprehensive bank licence. SEBA Bank has the privilege to tap into a broad range of skills and capabilities in order to accelerate its growth plans. This is thanks to the strong support from such an impressive group of investors. They offer depth and breadth across all areas of finance, fintech and blockchain. This funding will enable us to expand our digital asset banking platform, and attract new talent.
The SEBA Bank position as the leading provider of regulated digital assets banking services has been strengthened by this funding round. Altive, a well-respected alternative asset management company that focuses on technology, consumers, and healthcare, is providing strategic support to SEBA Bank. Ordway Selections GmbH, a private investment company of an established, highly-successful family in Zug, has invested capital in blockchain and other digital assets. Summer Capital, a multistrategy management company, and DeFi Technologies are traditional investors who specialize in decentralized finance. SEBA Bank will continue to innovate and excel in its investment services and digital asset banking by leveraging the expertise of its specialist partners.
Cheney Cheng is the Managing Partner at Altive. He stated that “Given global regulatory trends of digital assets, it’s clear that we see regulated crypto financial institutions such as the Swiss licensed SEBA Bank becoming the foundation of future finance.” We are proud to have contributed to the company’s mission of making digital assets more accessible for the general public.
Jonathan Ordway Fackelmayer is the Chairman of Ordway Selections. said : “Ordway Selections invests in best-in-class digital assets as well as core blockchain infrastructure such SEBA Bank. Altive and Summer Capital have deep expertise in technology and financial services. We are thrilled to be part the “lead investor” consortium. The SEBA Bank consortium believes that it is uniquely placed to meet the demands of the growing pool of cryptocurrency investors around the world.
Russell Starr is the CEO of DeFi Technologies. He stated that “We aim to be at the forefront in innovation in DeFi, blockchain and support development of services in digital asset industry which will become the backbone for the next iteration our financial system.” SEBA Bank’s investment in SEBA Bank is a testament to SEBA Bank’s digital asset banking services that are industry leaders and the importance blockchain technology plays in the future development our financial system.