SEBA Bank Raises CHF 110 Million In Series C Funding
SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced that it has secured a successful Series C funding round, raising CHF 110 million.
The round was co-led by a consortium of specialized blockchain and fintech investors, comprised of Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralized finance. Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round. The round was significantly oversubscribed, with demand far exceeding the initial funding target. Existing investors, including Julius Baer, increased their positions in the funding round.