Big Bucks for Digital Assets

Seba Bank, the innovative Swiss-based digital assets banking platform, recently celebrated a major milestone achieving a successful Series C funding round, raising a cool 110 million Swiss francs (that’s about $119 million for those of us stuck in the classic dollar system). With significant backing from heavyweights like cryptocurrency exchange FTX and trading firm Alameda Research, it’s safe to say that Seba is catching some serious attention!

Investor Powerhouses Join Forces

This funding round isn’t just a casual cash handout. Nope! It featured a star-studded lineup of investors, including Altive, Ordway Selections, and Summer Capital. Each one adds a unique flavor to the mix, like a well-curated charcuterie board of expertise in cryptocurrency. The goal? To supercharge international growth and ramp up demand from institutional investors who are eyeing the digital assets space.

Leading the Charge in Crypto Innovation

Since its inception, Seba Bank has been a pioneer in the world of cryptocurrencies, becoming the first to receive a Swiss digital asset custody license in September 2021. They quickly followed this up by launching a yield-earning program for users holding cryptocurrencies like DOT, XTZ, and ADA. Talk about making your money work for you!

Gold-Digging in the Digital Age

In December 2021, Seba put itself on the map once again by launching a regulated gold token that investors could exchange for physical gold on demand. It’s almost like they’re setting up a gold standard for the digital age. Remember, not all treasure has to be buried – sometimes it’s just a few clicks away!

An Enthusiastic Vote of Confidence

Expressing enthusiasm for this funding, Jonathan Ordway Fackelmayer, Chairman of Ordway Selections, had some reassuring words:

“We are delighted to be part of the lead-investor consortium alongside Altive and Summer Capital. They both hold a deep knowledge of financial services and technology applications. Our consortium believes SEBA Bank is uniquely positioned to respond to the needs of the ever-growing and demanding pool of cryptocurrency investors worldwide.”

This statement reinforces the strong confidence and strategic insight that these investors have in Seba’s operations and future potential.