Seba Bank is bringing regulated crypto wallets to it's clients. These wallets can store Ethereum-based NFTs
Nameet Potnis
Founder @Muzify | Connecting Music Superfans with Their Tribe and Empowering Artists | Payments & E-commerce Expert
Swiss cryptocurrency-focused bank Seba has launched a regulated custody platform, and the bank now allows its customers to store Ethereum-based NFTs; Punks, Bored Apes and all.
Seba bank is now the "first regulated bank to offer NFT custody,"
In addition, at the client's request, the company will conduct due diligence before deciding whether or not to provide custody for a specific NFT. They claim that their custody service is not limited to high-end collections.
The institutional-grade custody solution gives its customers complete confidence in the security of their NFTs. They don't have to deal with the trouble of managing private keys themselves anymore.
Why? Seba Bank's institutional-grade ISAE 3402-certified and independently audited hot and cold storage custody solutions provide clients with the highest security standards in safeguarding the digital assets and private keys.
The new feature is integrated into customers' bank accounts, allowing them to manage NFTs just like any other digital asset.
Initially, the custody service is available to both existing and new Seba customers. All clients must be institutional or professional investors.
Seba Bank currently offers several regulated services:
FINMA granted Seba Crypto AG a Swiss banking and securities dealer licence in 2019. The regulator also granted Seba Bank AG a certified information system auditor licence in 2021 - allowing the company to provide institutional-grade custodian services.
They totally believe that digital assets will be increasingly accepted even by traditional finance operators in the coming years. Can't agree more!
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