The SEBA Crypto AG (SEBA), a Swiss Start-Up, has raised us $ 103 million (CHF 100 million) of venture capital for the establishment of a cryptographic Bank. Since April, the company is in negotiations with the Swiss financial authority. The Start-Up, headed by the Ex-UBS managers Guido Buehler and Andreas Amschwan, said that they are trying to get a Bank and securities dealer license in order to crypto-currency to carry out trade and investment for institutions, corporations and individuals, reported Reuters.
The SEBA Crypto AG would also like to currency, corporate Finance and the ICO guidance for the initial issue of Coins, as well as other Crypto and banking services to traditional corporate customers and crypto – currency groups. SEBA Board of Directors Chairman Andreas Amschwand, who was previously UBS’s Global Head of Foreign Exchange and Money Market activities, said that he is happy to be a part of a team of experts would like to make a crypto economy to the General Public.
He literally said:
In Switzerland, we have committed ourselves to various authorities to create a comprehensive regulatory environment for the development of the Blockchain technology and the sustainable, stable growth of the crypto-value assets. Thus, Switzerland is the ideal place to take a new Prime example of the financial to introduce services. I am looking forward to be part of a team of experts that helps to establish the crypto economy.
According to the press release, Standard financial market actors to distance themselves in the rule of the crypto-markets. Keep crypto-investment is too risky and to criticise the lack of investment-specific regulatory protection. Just as crypto-currency companies and investors have difficulties to transfer assets of the crypto-markets in the standardized regulated banking world.
The SEBA Crypto AG wants to solve these challenges. The company is trying to get a Swiss – based Team of global experts together to focus on a Bank and securities dealer license from the Swiss financial market Supervisory authority (FINMA) and to create a new safe and regulated platform.
Guido Bühler, CEO of SEBA, said:
A fundamental aspect of our Mission is education. We want to promote the potential block chains for global economic reform and financial Integration. With safety, transparency and performance as core values, our goal is to be the market leader in the convergence of traditional financial products with the crypto-economy.
What FINMA is?
The Swiss financial market Supervisory authority (FINMA), the financial regulation and approved by the competent Swiss government. It supervises banks, insurance companies, stock exchanges and securities dealers as well as other financial institutions in Switzerland. You shall report directly to the Swiss Parliament.
The SEBA Crypto AG has collected 100 million CHF (about 103 million USD) in venture capital. The investors are made up of various local and global organizations and private investors. Guy Schwarzenbach, CEO of black river Asset Management AG, Investor and designated member of the Board of SEBA, said:
SEBA is a very promising startup with an ambitious Mission. The investment in SEBA is based on a thorough analysis of the speed of the market for cryptographic Assets. Under the premise that the adoption, use and Benefits of crypto to continue with the same speed Kryptos will be increasing to a legitimate, solid asset class, and thus a necessary component in the portfolio of investors.
The aim of the company is, crypto and Blockchain-based products and services to bring to the market, by offering a fully regulated and easy-to-use banking solution. SEBA will also integrate an Online and Retail world to safe and stable crypto – and traditional banking services.
Jack Chung, the Managing Director of the Summer Capital, a SEBA-Investor, said
We see our participation in SEBA to use the established Connections between Switzerland and Asia, and the profound, Switzerland Knowledge in the area of financial services and security standards to connect with the impressive growth and innovation Asia.
The world of crypto currency and the Blockchain is full of possibilities and potential. Bitwala, a global Blockchain-based payment service provider with headquarters in Berlin, Germany, also starts to be Blockchain-Banking, after it has collected € 4 million from Earlybird VC and coparion VC. Bitwala is supported by various investors, such as N26, ShapeShift, and EyeEm. With the High-Tech Gründerfonds (HTGF), the Digital Currency Group (DCG), and ALSTIN have you connected the Bitwala-investor of the family.
Bitwala was founded in October 2015 by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones. The German Startup used crypto-currency, in order to develop faster and more cost-effective solutions. By Minckwitz, Goslicki and Jones long-term business partner. You have established Bitwala other Blockchain-companies such as all4btc.com and Transistor Coworking. The Transistor is Germany’s largest Fintech co-working Space. Bitwala would like to create a fully compliant, secure and data protected, Cryptographic, which enables customers to use crypto on a daily, without having to worry about security, Compliance or control problems.
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This article was from English into German:
Senior IT Consultant and Crypto Enthusiast always in search of interesting news.