Central Banking

Crypto bank targets 2019 launch

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The world’s first crypto asset bank could be closer to launch than many policy-makers might think.

Based in Switzerland, Seba Crypto has managed to secure 100 million francs ($104 million) to support its vision to become a “bridge bank” – an institution that can fill the gap between the crypto market and traditional financial institutions.

The institution is the brainchild of the former head of asset servicing at UBS, Guido Buehler, and Andreas Amschwand, former UBS global head of foreign exch

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