Zug, 15 July 2020 – SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announces that they will be partnering with Digital Asset Shared Ledger (DASL) – the liquidity network for digital assets. This partnership allows SEBA Bank to offer institutional clients the ability to issue and invest in Digital Securities representing financial instruments on the public Corda Network.
DASL’s compliant digital securities offering includes issuance, transfer, portfolio management, asset servicing and clearing and settlement enabled by cutting edge Distributed Ledger Technology. Optimized asset servicing leads to a lower total cost of ownership throughout the asset lifecycle. DASL facilitates the globally-secure atomic value transfer of digital assets across the public Corda Network—a peer-to-peer network of DLT nodes, enabling interoperability across multiple systems, apps, and processes.
SEBA Bank will offer primary asset tokenization and distribution using DASL, as a complement to SEBA’s Custody, Asset Management and Trading product. SEBA will create a wallet for onboarded custody customers, issue digital securities and distribute them to wealth management and other investor networks. In partnering with DASL, SEBA draws on the team’s experience building mission critical infrastructure for financial institutions.
This partnership paves the way for further exciting product generation and liquidity creation over time, where DASL will support SEBA Bank’s strategy to be a partner to institutions.
Matthew Alexander, Head Tokenization at SEBA Bank, explains “Widespread adoption of Digital Assets and securities by institutions requires trusted venues for distribution and for secondary trading and liquidity. DASL provides SEBA with an immediate and secure platform for our Digital Securities product range. We look forward to combining our strengths with those of DASL to further enhance our client solutions and services.”
“We are delighted to partner with SEBA Bank and bring them onto the public Corda Network with DASL. DASL provides an accelerator to the digital capital markets for SEBA’s institutional clients.” says Richard Crook, Founder DASL.
Founded in April 2018 and headquartered in Zug, SEBA is a pioneer in the financial industry, building a progressive technological bridge between the digital and traditional asset worlds. In August 2019, SEBA received a Swiss banking and securities dealer licence – the first time a reputed, regulatory authority such as FINMA has granted a licence to a financial services provider with a main focus on digital assets and crypto. The wide and vertically integrated spectrum of services, as well as the high security standards make SEBA’s business approach unique. SEBA enables clients to invest, safely keep, trade and borrow against traditional and digital assets, as well as issue tokens in the future, in one place.
For more information on SEBA bank, please visit our website.
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