{"id":55785,"date":"2022-01-12T17:58:05","date_gmt":"2022-01-12T15:58:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55785"},"modified":"2025-09-04T03:19:34","modified_gmt":"2025-09-04T00:19:34","slug":"seba-crypto-bank-raises-120-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/seba-crypto-bank-raises-120-million\/","title":{"rendered":"SEBA Crypto Bank Raises $120 Million"},"content":{"rendered":"<p>The licensed Swiss cryptocurrency bank SEBA closed a Series C financing round of <span data-descr=\"Swiss francs\" class=\"old_tooltip\">CHF<\/span> 110 million (~$120 million). It was led by Altive, Ordway Selections, Summer Capital and DeFi Technologies.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd09 SEBA Bank Raises CHF 110 Million In Series C Funding To Fuel International Growth And Drive Institutional Business \ud83d\ude80<\/p>\n<p>Read the full media release here: \ud83d\udcc4 <a href=\"https:\/\/t.co\/Qj4gieQQCD\">https:\/\/t.co\/Qj4gieQQCD<\/a> <a href=\"https:\/\/t.co\/Nk3EiD1BRe\">pic.twitter.com\/Nk3EiD1BRe<\/a><\/p>\n<p>\u2014 SEBA Bank AG (@WeAreSEBA) <a href=\"https:\/\/twitter.com\/WeAreSEBA\/status\/1481249654310416391?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding was also provided by Alameda Research and existing shareholders, including Julius Baer.<\/p>\n<p>The crypto bank will deploy the resources to expand into the Middle East and Asia-Pacific, primarily Singapore, Hong Kong and the UAE, as well as to develop technology and expand its product line.<\/p>\n<p>SEBA currently operates in 25 jurisdictions. The crypto bank plans to double its staff over the next 12\u201318 months.<\/p>\n<p>In December 2021, SEBA <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-seba-launches-gold-backed-token\">released<\/a> a token backed by physical gold.<\/p>\n<p>In October, the crypto bank <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-seba-opens-institutional-access-to-defi-and-staking\">announced<\/a> the launch of SEBA Earn. The service will allow institutional clients to earn yields from crypto lending operations, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> and staking of cryptocurrencies, including Cardano, Polkadot and Tezos.<\/p>\n<p>In September, <span data-descr=\"Swiss Financial Market Supervisory Authority\" class=\"old_tooltip\">FINMA<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/swiss-regulator-approves-first-crypto-investment-fund\">approved the first crypto fund<\/a> in accordance with the country\u2019s laws. Its custodian became the crypto bank SEBA.<\/p>\n<p>Earlier, another Swiss-regulated cryptocurrency bank Sygnum <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-sygnum-raises-90-million\">closed<\/a> a Series B financing round of $90 million at a valuation of $800 million.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The licensed Swiss cryptocurrency bank SEBA closed a Series C financing round of CHF 110 million (~$120 million). It was led by Altive, Ordway Selections, Summer Capital and DeFi Technologies. \ud83d\udd09 SEBA Bank Raises CHF 110 Million In Series C Funding To Fuel International Growth And Drive Institutional Business \ud83d\ude80 Read the full media release here: https:\/\/t.co\/Qj4gieQQCD \u2026<\/p>\n","protected":false},"author":1,"featured_media":55786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,2075,468],"class_list":["post-55785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-seba","tag-switzerland"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=55785"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55785\/revisions"}],"predecessor-version":[{"id":55787,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55785\/revisions\/55787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/55786"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=55785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=55785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=55785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}