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SEBA Bank Raises CHF 110 Million in Series C Fundraise

January 16, 2022

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced that it has raised CHF 110 million in a significantly oversubscribed Series C funding round.
The round was co-led by Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralised finance.
Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round
Existing investors, including Julius Baer, increased their positions in the funding round.
SEBA Bank said that this funding round will further accelerate the considerable growth that it has achieved over the past year.
The firm is currently supporting over 25 markets globally, having

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BBVA Switzerland Adds Ether to Its Crypto Trading Service

December 16, 2021

BBVA Switzerland, the Swiss franchise of Spanish multinational financial institution BBVA, has expanded its cryptocurrency custody and trading service with the addition of Ether to its investment portfolio.
Its private banking clients and new gen customers will now have access to both Bitcoin and Ether, a statement from the company said.
These digital assets can be viewed along with other traditional investments on BBVA’s app, and can automatically be converted to euros, dollars or any fiat currency.
According to BBVA Switzerland, this move makes it the first traditional bank in Europe to incorporate Ether into its service.
The crypto asset service went live for all customers in June last year.
BBVA Switzerland aims to continue expanding its portfolio of digital

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

September 15, 2021

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app.
MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin.
In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering.
The rollout is underway and will continue over the coming weeks, with the new capabilities available to all eligible MoneyLion customers on October 5.
MoneyLion had recently announced that its merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close soon.
“We view the

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FQX Secures $4.7M in Seed Funding Led By Earlybird Venture Capital and SIX Ventures

June 2, 2021

Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.
FQX is radically facilitating trade finance & money markets by using eNotesTM, a disruptive short-term financing & payment instrument. In essence, an eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date. The eNoteTM is based on Blockchain technology and can be flexibly sold and transferred to any third party (i.e. an investor). When compared to other financing options, eNotesTM as negotiable instruments outperform through their financial steering capabilities and

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