SEBA Bank, a Swiss-based digital assets bank platform, announced today that it has raised CHF 110 millions in a Series B round of funding to expand its international reach. This latest funding will be used to support the platform’s institutional business.
The company also plans to expand its operations in APAC, and Middle East. The company shared details that highlight the significant interest of investors in its Series C funding round. SEBA Bank reports that the round was highly subscribed with an increase in investment from Julius Baer (an existing SEBA investor).
The latest financing was led by a consortium of fintech and blockchain investors that included Summer Capital, Ordway Selections, and Altive. Alameda Research, DeFi Technologies and others joined the round of investment.
“Seba Bank has the privilege to gain a broad range of new skills and capabilities through the support of strong investors who offer depth and breadth in the areas of finance, fintech, and blockchain. This funding will enable us to further develop and attract new talent, as well as strengthen our presence in global markets.” Guido Buehler , CEO of SEBA Bank, commented.