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SEBA Bank Is Issuing Its Series B Equity as Security Tokens

SEBA Bank Is Issuing Its Series B Equity as Security Tokens | Fintech Finance

SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced it is issuing its Series B equity to its shareholders as security tokens on the Blockchain. With this industry-leading capability, SEBA Bank is now able to offer a new standard of security, efficiency, and flexibility in Digital Corporate Finance and Asset Tokenization capabilities. SEBA Bank is actively engaging with a range of international clients who recognise the value of its innovative bridge between the needs of traditional and digital banking institutions.

In December, SEBA Bank announced it would tokenise its shares of the Series B fundraising when the blockchain law came into force in Switzerland. The SEBA Bank Equity Tokens are fully secured by the DLT Law, and shall be issued and held within its banking-grade digital custody in a FINMA regulated environment. The SEBA Bank Equity Tokens are fully compliant with Swiss private and corporate law.

SEBA Bank’s Equity Tokens are based on ERC20 Ethereum protocol and are fully engineered to allow seamless connectivity for trading and liquidity on future internationally recognised digital liquidity venues.

Hans Kuhn, Boardmember of SEBA Bank, states: “With the DLT law coming into force today, Switzerland reaffirms itself as one of the most progressive and innovative legal and regulatory jurisdictions around the world that now fully supports the issuance of digital securities on a native blockchain basis. This marks a major step forward in enabling and securing the innovation expected of security token issuance.”

Guido Bühler, CEO of SEBA Bank, adds: “SEBA Bank’s strategic position providing a secure bridge between the traditional and the digital banking worlds now includes a fully integrated, banking grade asset tokenization capability that puts SEBA Bank at the forefront of digital security issuance under one roof. Our Digital Corporate Finance and Asset Tokenization capabilities being demonstrated by the issuance of our Series B security tokens have established a compelling new solution for our clients to secure the benefits of tokenized securities and assets”.

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