Immediate Release Thursday, 22 November 2018
SEBA Crypto AG & Loomis International have announced a partnership to build a TEMPEST Level A Deep Cold Storage offering for digital assets. SEBA aims to offer Custody services to institutions, corporates and individuals seeking licensed and supervised storage of crypto assets. Custody services facilitate access to and participation in global financial markets and SEBA aims to deliver these services for the crypto economy.
Loomis International, a market leader in global valuables logistics will be integral to SEBA’s crypto asset custody storage solution. Loomis offers a global high security custody model to support SEBA's intended development. Custody services are core to SEBA’s ambition to become one of the world’s first fully licensed and supervised crypto banks, regulated by FINMA. “A strategic partnership with Loomis underscores our commitment to meet the stringent security standards required to be a regulated entity,” said Guido Buehler, Chief Executive of SEBA Crypto AG.
The partnership is mutually advantageous to both organisations. Both companies see many more opportunities to cooperate in the emerging digital asset market. When SEBA’s ambitious plan to obtain a license materialises, Loomis will be able to offer a licensed and supervised physical asset tokenization service to its customers, and SEBA will have a ready-made market of potential clients for its asset tokenization line-of-business.
Urs Röösli, President Loomis International said, “The agreement marks a new stage in our long-standing history as a leading secure asset handling firm. Our partnership with SEBA enables us to provide a physical custody solution with a reputable visionary partner in the crypto economy.”
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About SEBA Crypto AG
SEBA Crypto AG is redefining finance for the new economy. SEBA’s ambition is to become one of the world’s first licensed and supervised crypto banks, offering industry leading crypto-asset financial products and services. SEBA’s team is comprised of global leaders and experts in banking, financial markets, FinTech and Blockchain. With safety, transparency and performance as core values, SEBA is focused on helping both traditional and crypto market participants make the most out of opportunities arising from the growth of crypto currencies and assets. Headquartered in Zug, Switzerland, SEBA is in contact with FINMA for the application of a Swiss Banking and Securities Dealer license, which, if granted, would allow SEBA to offer a comprehensive range of banking services to institutional, corporate and individual clients. SEBA will promote the mainstream adoption of Blockchain and crypto by educating people to understand the potential it holds to ignite global economic reform and financial inclusion. For more information visit, www.seba.swiss
Loomis International is part of the Loomis Group which offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 24,000 people and had revenue in 2017 of SEK 17.2 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.
For more information visit, www.loomis.com