Swiss Crypto Bank SEBA launches Crypto Index

Switzerland's crypto-focused bank announced to launch its investment solutions and a new index for cryptocurrencies. The company obtained a banking license from FINMA in August.

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Switzerland-based SEBA announced the launch of an index for digital assets alongside its investment solutions on Wednesday. SEBA Crypto Asset Select Index (SEBAX) is dynamic and risk-optimized with a broad market exposure of the crypto-investment market, according to the company. For the launch of the index, Seba has collaborated with the renowned European index administrator MV Index Solutions.

 

SEBA promises the highest possible security for investors.

Daniel Kuehne, head of Asset Management at SEBA AG, said that with their investment solutions, they want to offer investors the highest possible security and strengthen their confidence in the new, complex market environment of cryptocurrencies. He added that with their product and investment expertise, they enable customers to tap into the unique potential of digital asset classes simple rules from the existing financial world.

 

SEBA obtained the banking license in August

SEBA received the banking license from the Swiss Financial Market Supervisory Authority in late August and went live on November 12. SEBA and Sygnum are the only two banks that have obtained a banking license from the Swiss authorities. Currently, the bank is supporting five cryptocurrencies which include, BTC, ETH, XLM, LTC, ETC.

The cryptocurrency bank is also offering SEBAwallet app, e-banking, and SEBA card facilities to its customers.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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