June 20, 2021

A Crypto Investor

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Swiss Crypto Bank SEBA Taps Corda Network For Token Securitization


In collaboration with Digital Asset Shared Ledger (DASL), SEBA emerges as the first digital bank to offer corporate clients with capacity to invest and distribute digital securities on a public Corda network, according to a recent announcement.

The latest collaboration will allow SEBA to grant corporate investors permission to supply digital securities and invest in them as a financial instrument for the public Corda network.

The Swiss bank will offer asset tokenization and distribution with the DASL platform as an addition to its other offerings including Customer Custody, Asset Management, and Trading Product. SEBA said it would create a digital wallet for its clients, issue digital securities, and distribute them to investors networks.

Speaking on the matter, SEBA’s Head Tokenization, Mathew Alexander reportedly noted:

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.

The joint effort will lay the groundwork for subsequent partnerships between DASL and SEBA in the future to pursue new product creation and liquidity generation, with DASL supporting SEBA bank’s aspiration to partner with other institutions.

DASL Founder Richard Crook also commented saying,

 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.

SEBA is one of the first crypto-friendly banks in Switzerland to receive a license from the Swiss Financial Market Supervisory Authority (FINMA). In November, the bank, in collaboration with the European index administrator MV Index Solutions and Securitization Experts Gentwo Digital, launched an index for cryptocurrencies.

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Original Article
Author: Ruth Shadrac