Swiss solutions – banks and tools for crypto investors
Swiss banks are known all over the world. This country is considered the most secure in terms of safe-keeping of assets, and at the same time very progressive. It is a small country in the middle of Europe – but size is not everything! Switzerland is once again proving that is a pioneer – forming a bridge between the cryptocurrency and banking world.
What is SEBA?
SEBA Bank AG is a cryptocurrency-focused licensed bank based in the Swiss city – Zug. This institution offers services directly related to virtual currencies – storage, purchase, sale, resource management and even loans. SEBA operates under a license issued by the Swiss financial market supervision authority (FINMA).
The bank has recently become fully operational and has started to accept Swiss clients. This is the first of many steps to form a bridge between traditional banking and the cryptocurrency world. The next step will be tokenization of companies, to enable the collection of funds for the implementation of promising projects.
SEBA Bank AG announced that it would expand its services to other countries in December – and kept his word. A bank spokesman revealed that they would be: Great Britain, Italy, Germany, France, Austria, Portugal, the Netherlands, Singapore and Hong Kong.
The bank’s offer is addressed to investors, family offices, asset managers and blockchain companies. The authority of this financial institution is to convince cryptosceptics to invest in virtual currencies. Currently, this bank only accepts a few cryptocurrencies: Bitcoin, Ethereum, Ethereum Classic, Litecoin, Stellar and NEO.
New solutions for investors
However, the Swiss did not stop at introducing cryptocurrencies – they have also decided to create tools for their investors. SEBAX is an index that is designed to assess the “weight” of cryptocurrency assets, or their performance. What it means in practice?
SEBAX helps investors assess the risk and profitability of a given cryptocurrency. It is a useful tool, especially for people who are used to using charts and tables. Cryptocurrencies are added to the index according to strict rules – including the fact that they have to be in the top 30 values in terms of market capitalization. Stablecoins and private cryptocurrencies are excluded – they cannot be added to the index.