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SEBA Bank secures the first institutional licence to custody Collective Investment Schemes for Digital Assets in Switzerland

  • SEBA Bank has been granted a licence to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG) (the “CISA” licence)
  • The CISA licence allows SEBA Bank to provide one of the first institutional-grade custody solutions globally for collective investment schemes with liquid crypto or digital assets as the underlying investment universe, for professional investors
  • This licence allows SEBA Bank to offer Swiss domiciled funds a safe and progressive investment capability within the fast evolving crypto and digital assets space

Zug, Switzerland – 29 September 2021 | SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that the bank has been granted a licence to act as a custodian bank for Swiss collective investment schemes pursuant to Art. 72 CISA (KAG).

This is the first licence granted in Switzerland by the Swiss Financial Market Authority (FINMA) to a custodian bank focused on digital assets. The CISA licence will accelerate SEBA Bank’s growth by extending its institutional-grade digital asset custody services to Swiss domiciled mutual funds in the fast-evolving digital assets space. This is an important new institutional capability in the evolution of digital assets investments across Europe.

This new licence extends SEBA Bank’s fully integrated digital asset investment activities by offering digital custody services for Swiss domiciled mutual funds, and is an important new enabler of liquid investment funds with crypto or other digital assets as an underlying investment class.

Guido Buehler, CEO of SEBA Bank, states, “Two years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally. With our new CISA licence, SEBA Bank continues its pioneering role in the institutional digital asset space. Asset Managers can now offer strategies based on crypto or other digital asset underlyings to a broader audience utilizing Swiss-based mutual fund structures secured by SEBA Bank as the CISA-licensed custodian.”

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