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Swiss bank Seba issues Series B equity as security tokens

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Swiss bank Seba issues Series B equity as security tokens 05 February 2021 4 Swiss digital asset bank Seba is set to issue its Series B equity to shareholders as security tokens on a blockchain. The move comes after Switzerland adopted a new distributed ledger technology law that recognises tokenised securities as an asset class that can have their legal ownership rights transferred via a blockchain. Finma-licenced Seba Bank had already indicated that it would tokenise its shares of the Series B fundraising when the law came into force. The equity tokens are fully secured by the DLT Law, and shall be issued and held within Seba s banking-grade digital custody in a Finma-regulated environment.

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