Seba Bank (a Swiss-based digital assets bank platform) announced that it completed the successful Series C round of funding. The amount was 110 million Swiss francs or $119 Million U.S. dollar. The round featured notable investors such as cryptocurrency exchange FTX and quantitative digital currency trading company Alameda Research. Decentralized finance asset management firm DeFi Technologies was also included. Venture capital entities like Altive, Ordway Selections, Summer Capital and Summer Capital were also part of the round.

According to the bank, the money will be used to drive international demand and increase the number of institutional investors involved in digital asset industry. Seba is a pioneer in crypto innovation in Switzerland. Seba was awarded the first Swiss certificate in September 2021. digital asset custody license. It was there a month later. A program was launchedFor users to make a profit on their Dot, And ADA holdings. The bank also launched its own regulatory banking system in December 2021. Gold tokens exchangeableWith physical gold available on-demand. This could be potentially used to create a digital gold standard currency. Seba Bank Fully operationalProfessional investors and institutions clients for 2019.