Swiss Crypto Bank SEBA to Offer Token Securitization on Corda Network

Switzerland’s licensed crypto-first bank SEBA and Corda-based Digital Asset Shared Ledger (DASL) announced a new partnership on Wednesday allowing the bank to offer asset securitization services on Corda’s public network.

In an emailed press release, SEBA said it is the first digital bank to offer clients the ability to issue and invest in blockchain tokens that represent real tradable assets like treasury bonds or foreign exchange contracts on the open-source blockchain platform Corda.
SEBA said in its statement it will create a custodial wallet for customers, issue digital securities and distribute them to investor networks.
Luzius Meisser, founder of Switzerland’s Bitcoin Association, told CoinDesk via email that it was good to see SEBA moving forward with tokenization as it is an application to which distributed ledger technology can add value.
Earlier this year, SEBA partnered with TokenSoft’s European distributor to offer asset tokenization services in what it said was an effort to bridge the gap between traditional and digital financial systems.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Sandali Handagama

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.