Ex-UBS Bankers Raise $104 Million for New Swiss Crypto Bank

[kreslik.news]

Seba Crypto AG, a Swiss financial company, has raised 100 million Swiss francs ($104 million) from investors. It aims to offer cryptocurrency/fiat conversion to customers, becoming one of the first regulated banks to do so.

“Crypto and Fiat Within One Account”

It is managed by two ex-UBS Group bankers. CEO Guido Bühler was once managing director of asset servicing at that institution, and chairman Andreas Amschwand was head of foreign exchange. The latter has not yet joined the company; he will leave his job at Julius Baer Wealth Management in 2019.

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Said Bühler: “Our vision is ... (read more)