SEBA is a Swiss regulated bank that is getting into the asset tokenization space, and in particular, it plans to tokenize financial instruments. Because of its focus on a compliant route targeted at institutions, it has decided to adopt a solution based on R3’s enterprise blockchain Corda.
It plans to use the Digital Asset Shared Ledger (DASL) which leverages the Corda Network, a network that enables private consortia chains to interoperate with each other in a public manner. DASL was developed by UK-based LAB577, with a well respected team founded by Richard Crook, formerly Head of Emerging Technology at RBS (NatWest). The company was probably the first startup to embrace Corda.
Note: we are experimenting with some articles, publishing the announcement, sometimes prefixed with a brief commentary.
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