Swiss-based digital asset banking platform SEBA raised over $119M in a Series C funding round from blockchain investors.
SEBA has been a supporter of crypto since its establishment in 2018, and, now, looks to spearhead the digital asset market via creating a bridge between cryptocurrencies and traditional money.
Based on the official announcement by SEBA, the investment was led by multiple FinTech and blockchain-focused companies such as Altive, Summer Capital, Ordway Selections, DeFi Technologies, Alameda Research, and FTX. The funding amounted to a total of $120M.
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CEO of SEBA Guido Buehler commented on the bank’s successful funding round, stating:
"With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans."
Likewise, the funding was said to further the development of SEBA’s fintech banking operations, help expand operations in the Middle East, and "drive institutional business growth through investment in product offering and technology."
Just recently, at the Crypto Finance Conference in Switzerland, Buehler shared his thoughts on Bitcoin and talked about SEBA being prepared to invest in digital assets when the time is right.
