Digital asset platform SEBA Bank announced today that it has raised CHF 110 million, or approximately $120 million, in its Series C financing round.
Swiss-based crypto bank SEBA said in a statement that investors participating in its latest funding round include cryptocurrency exchange FTX, digital currency trading firm Alameda Research, decentralized financial asset management firm DeFi Technologies and organizations such as Altive, Ordway Selections and Summer Capital.
The bank said it plans to use the funds raised to further international expansion and boost demand from institutional investors in the digital asset industry.
Guido Buehler, CEO of SEBA Bank, said in the statement:
“This fund represents an important milestone for SEBA Bank. It will allow us to further develop our digital asset banking platform and strengthen our presence in markets worldwide by attracting new talent.”
SEBA Bank, which is currently in the markets of more than 25 countries around the world, wants to expand in the UAE, Hong Kong and Singapore and continues to take steps in this regard.
Lastly, Buehler added that in 2021, he saw a significantly increased interest in digital asset services, especially from institutional players.