Announced Wednesday, the license granted to SEBA by the Swiss Financial Market Supervisory Authority (FINMA) allows the firm to act as a custodian bank, and constitutes a new enabler of liquid investment funds with crypto, said SEBA Bank CEO Guido Buehler. Typically, crypto funds use alternative structures that come with a lock-in and costs for clients to get in or out.
Switzerland’s SEBA Bank Snags First FINMA License for Liquid Crypto Funds — CoinDesk
