SEBA is a Swiss-licensed digital asset bank backed by private bank
Julius Baer which is also a business partner. Previously, SEBA stated it had raised CHF 100 million ($103m) in September 2018, and the recent news is it plans to target the same again, as reported by
Financial News London.
The company received a
FINMA banking license in August last year, around the same time as fellow Swiss bank Sygnum. It officially opened its doors for business in November.
According to the corporate registry, to date, SEBA shareholders paid CHF 51.5 million ($53m) in capital as of November 2019. We contacted the firm to clarify the difference and they stated that CHF 51.5 million is just the nominal capital and the difference relates to share premiums.
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