SEBA Bank, a fully integrated FINMA-licensed digital asset banking platform, announced that it has partnered with LGT Bank, an international financial services provider focused on private banking and asset management, to provide custodial and brokerage services for digital assets.
LGT Bank is part of the LGT Group, one of the leading international private banking and asset management groups with more than CHF 280 billion in assets under management. LGT Bank leverages SEBA Bank’s fully regulated banking platform and institutional-grade digital asset custody capabilities to launch digital asset custody and trading services for its clients.
LGT Bank will initially offer investment services for Bitcoin (BTC) and Ethereum (ETH). Digital asset investment services will be fully integrated with traditional assets, allowing clients to seamlessly integrate crypto into their existing portfolio.
Franz Bergmüller, CEO of SEBA Bank, said: “As a FINMA-licensed and regulated Swiss bank with core competence in cryptocurrencies and digital assets, we enable banks and their customers to manage assets traditional and digital in complete safety. We have the know-how, established processes and above all an ISAE 3402-certified custody solution established by independent organizations. The range of services combined with the highest security standards makes SEBA Bank’s service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets.
A highly successful and trusted counterparty in the digital asset industry, SEBA Bank supports a range of investment services including: trading in over 14 cryptocurrencies, a comprehensive crypto yield offering, SEBA Earn and the SEBA Gold Token, an innovative digital token backed by physical Swiss gold. SEBA Bank’s ISAE 3402 certified hot and cold storage solutions will enable LGT and its customers to benefit from the highest security standards for the safekeeping of their digital assets and private keys.
“The demand for cryptocurrencies has also increased among our customers in recent years”, says Roland Matt, CEO of LGT Bank, Liechtenstein, “we are very pleased to now be able to offer our customers easy access to this asset class. During the development of our new offer, we paid particular attention to security while betting on clear and reliable processes and procedures, which are central to dealing with this dynamic and still quite young asset class. our cooperation with SEBA Bank, our customers’ digital assets are entrusted to the custody of a professional and certified provider with extensive experience in this field”.
LGT Bank’s digital asset investment solutions will initially be available to certain customer groups of LGT Bank, Liechtenstein. Clients must be domiciled in Liechtenstein or Switzerland and be classified as professional clients or be managed by an external wealth manager to access the services.
About SEBA Bank AG – Redefining finance for the new economy
Founded in April 2018 and based in Zug, SEBA Bank is a pioneer in the financial sector and the only smart bank in the world to offer a completely universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer license, and in September 2021 the CISA license – the first time that a reputable regulatory authority such as FINMA has granted such licenses to a service provider financiers with basic capability in digital assets. In February 2022, SEBA Bank obtained Abu Dhabi Global Market Financial Services Authorization and opened an office in Abu Dhabi.
The wide range of vertically integrated services combined with the highest security standards make SEBA Bank’s value proposition unique – this is why the Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC) . CVVC Global Report and CB Insights named SEBA Bank one of the top 50 companies in the blockchain ecosystem for two years in a row. Aite Group awarded SEBA Bank its 2021 Digital Wealth Management Impact Innovation Award in the category “Digital Startup of the Year”. one of the Top Startups 2021 in Switzerland.
For more information about SEBA Bank, please visit our website.