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Swiss crypto-bank SEBA attracts $120 million in investments

Swiss crypto-bank SEBA attracts $120 million in investments

The licensed cryptocurrency bank managed to raise $120 million for its further development. The main product is a token backed by physical gold. 

Why is it so important? 
- The development of the first licensed bank may trigger the emergence of the new ones 
- Its development could become an excellent investment target. 

According to the SEBA press service, the main investors were Altive, Summer Capital, Ordway Selections, and DeFi Technologies. The bank intends to use these funds to double the number of employees and increase the number of products. Separately, it plans to expand its activities in the Middle East and Pacific markets such as UAE, Singapore, and Hong Kong.  

We should note that currently, SEBA bank operates in 25 countries and has legal status. Its SEBA Earn service refers to decentralized finance (DeFi) and allows customers to generate income from trading and staking cryptocurrencies, including such digital coins as Polkadot, Cardano, Tezos.

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