Switzerland’s SEBA Bank AG said it will start operations in nine other countries in December – the UK, Italy, Germany, France, Austria, Portugal, the Netherlands, Singapore and Hong Kong.
According to a SEBA spokesperson, the Bank will start providing services to “clients from selected foreign jurisdictions” in December. The organization plans to provide custodial services for BTC, ETH, ETC, LTC, XLM and NEO, as well as provide trading services for BTC, ETH, ETC, LTC and XLM.
SEBA aims to combine the traditional banking sector and the cryptocurrency industry by providing custodial services, trade and liquidity management, asset management, transaction banking, and tokenization. The Bank’s main clients are professional investors, blockchain companies, and asset managers.
SEBA was founded in April 2018 and received a banking license from the Swiss financial market Supervisory authority (FINMA) in August of this year. Last month, the Bank said that corporate clients, asset managers and professional private investors can now open cryptocurrency accounts with the organization.
Recall that in February, it was reported that SEBA Bank plans to develop a blockchain solution for mortgages.