A month after successfully going completely operational, Swiss-crypto bank has rolled out its services to nine new regions.
In a report shared with Finance Magnates on Thursday, SEBA declared that firms and institutional clients from Hong Kong, the U.K., Germany, France, Austria, Italy, Portugal, Singapore, and the Netherlands would now be able to open accounts with them. SEBA also said that there still lies a massive hole between standard banking on one end and regionalized funding on the other end and one of their goals is to patch that hole.
SEBA was built in April 2018 and granted a banking license from FINMA last August, becoming the very first crypto-related firm to obtain such a license. Previously known as SEBA Bank AG, the bank is famous for being a well-regulated firm in Switzerland. SEBA aims to expand its collection of products to various crypto coins. It runs crypto-to fiat as well as crypto-to-crypto currency transformation solutions to its customers. And the service expansion is believed to aid in increasing the company’s global foothold.
Other than that, the bank also features SEBA card services, e-banking amenities and an app called SEBAwallet, through which clients can access five leading cryptocurrencies namely Bitcoin, Ether, Litecoin, Stellar, and Ether Classic. Customers can convert these currencies into standard money and vice versa online. SEBA also offers commercial accounts to Swiss blockchain firms and their workforce.
Amusingly, SEBA’s rival Sygnum is also looking to stretch its facilities portfolio and increase its foothold in the global crypto market. Sygnum holds both Swiss and Singaporean banking licenses, authorizing it to provide asset handling services in Asia.