Digital assets specialist Seba Bank has opened an office in the Abu Dhabi Global Market (ADGM).
The Swiss institution is a licensed digital assets banking platform and has secured financial services permission from the ADGM’s Financial Services Regulatory Authority.
This will allow Seba Bank to operate a regulated digital assets service in Abu Dhabi.
The office opening follows a US$120 million series C funding round which was designed to finance the development of its product offering and its international expansion plans.
Seba Bank’s CEO Guido Buehler stated the licence is “a valuable addition to our existing licenses”.
Dhaher Bin Dhaher Al Muhairi, CEO of the Registration Authority at ADGM, welcomed the addition of Seba Bank to the ADGM at “an incredibly exciting juncture for the thriving digital landscape”.
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