With the adoption of the DLT law today, SEBA Bank is issuing its Series B Participation Certificates as tokenized equity securities on the Ethereum blockchain. The Equity Tokens will be issued and held within SEBA's own banking-grade digital custody in a FINMA regulated environment.
SEBA Bank, a FINMA licenced Swiss Bank, today announced it is issuing its Series B equity to its shareholders as security tokens on the Blockchain. With this industry-leading capability, they are now able to offer a new standard of security, efficiency and flexibility in Digital Corporate Finance and Asset Tokenization capabilities. SEBA is actively engaging with a range of international clients who recognise the value of its innovative bridge between the needs of traditional and digital banking institutions.
Shares fully tokenized on the Ethereum blockchain
In December, SEBA announced it would tokenise its shares of the Series B fundraising when the blockchain law came into force in Switzerland. Their Equity Tokens are fully secured by the DLT Law, and shall be issued and held within its banking-grade digital custody in a FINMA regulated environment. The Tokens are fully compliant with Swiss private and corporate law.
“SEBA Bank’s strategic position providing a secure bridge between the traditional and the digital banking worlds now includes a fully integrated, banking grade asset tokenization capability that puts SEBA Bank at the forefront of digital security issuance under one roof. Our Digital Corporate Finance and Asset Tokenization capabilities being demonstrated by the issuance of our Series B security tokens have established a compelling new solution for our clients to secure the benefits of tokenized securities and assets.” - Guido Bühler, CEO of SEBA Bank.
SEBA's Equity Tokens are based on ERC20 Ethereum protocol and are fully engineered to allow seamless connectivity for trading and liquidity on future internationally recognised digital liquidity venues.
“With the DLT law coming into force today, Switzerland reaffirms itself as one of the most progressive and innovative legal and regulatory jurisdictions around the world that now fully supports the issuance of digital securities on a native blockchain basis. This marks a major step forward in enabling and securing the innovation expected of security token issuance.” - Hans Kuhn, Boardmember of SEBA Bank.
