SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, announced that it had partnered with LGT Bank, an international financial services provider with a focus on private banking and asset management, to provide digital asset custody and brokerage services.
LGT Bank is part of LGT Group, a leading international private banking and asset management group with over CHF 280 billion in assets under management. LGT Bank is leveraging SEBA Bank’s fully regulated banking platform and institutional-grade digital asset custody capabilities, to launch digital asset custody and trading services for clients.
LGT Bank will initially offer investment services for Bitcoin (BTC) and Ethereum (ETH). Digital asset investment services will be fully-integrated with traditional assets, enabling clients to seamlessly incorporate crypto into their existing portfolio.
Franz Bergmüller, CEO at SEBA Bank, said, “As a licensed and FINMA regulated Swiss bank with a core competence in cryptocurrencies and digital assets, we enable banks and their clients to handle traditional and digital assets securely. We have the knowledge, established processes, and above all, a custody solution that is ISAE 3402 certified and established by independent bodies. The range of services combined with the highest security standards makes SEBA Bank’s service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets.”
A highly-successful and trusted counterparty in the digital assets industry, SEBA Bank supports a range of investment services including: trading in over 14 cryptocurrencies, a comprehensive crypto yield offering, SEBA Earn, and the SEBA Gold Token, an innovative digital token backed by physical Swiss gold. SEBA Bank’s ISAE 3402 certified hot and cold storage custody solutions will enable LGT and its clients to benefit from the highest security standards in the safekeeping of their digital assets and private keys.
“The demand for cryptocurrencies has also increased among our clients in recent years” says Roland Matt, CEO of LGT Bank, Liechtenstein, “we are very pleased that we can now offer our clients easy access to this asset class. When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures. They are central for dealing with this dynamic and still quite young asset class. Thanks to our cooperation with SEBA Bank, our clients’ digital assets are held in the custody of a professional and certified provider with extensive experience in this area”.
LGT Bank’s digital asset investment solutions will initially be available to selected client groups of LGT Bank, Liechtenstein. Clients must be domiciled in Liechtenstein or Switzerland and be classified as professional clients or be managed by an external asset manager in order to access services.
About SEBA Bank AG – Redefining Finance for the New Economy
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and is the only global smart bank providing a fully universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer licence, and in September 2021 the CISA licence – the first time a reputed, regulatory authority such as FINMA has granted such licences to a financial services provider with a core capability in digital assets. In February 2022 SEBA Bank secured the Financial Services Permission from Abu Dhabi Global Market and opened an office in Abu Dhabi.
The broad, vertically integrated spectrum of services combined with the highest security standards, make SEBA Bank’s value proposition unique – this is why Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC). CVVC Global Report and CB Insights name SEBA Bank two years in a row as Top 50 Companies within the blockchain ecosystem. Aite Group awarded SEBA Bank with their 2021 Digital Wealth Management Impact Innovation Award in the category “Digital Startup of the Year”, in 2022 SEBA Bank won the WealthBriefing Swiss EAM Award for Excellence in Digital Assets Offering or Service, and LinkedIn list SEBA Bank as one of the Top Startups 2021 in Switzerland.
For more information about SEBA Bank, please visit our website.