Alternative Investment Platform Altive Co-leads Successful Series C Financing of US$ 120 Million for Swiss Digital Asset Bank SEBA

SEBA Bank AG has successfully completed its Series C financing on 12th Jan 2022. The successful financing round of CHF 110 million (US$ 120 million) was co-led by alternative investment platform Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralized finance. Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round. The funding round was significantly oversubscribed, with existing investors, including Julius Baer, increasing their investment.

SEBA Bank is a fully integrated, FINMA licensed digital assets banking platform, with services covering 25 markets globally. SEBA provides one-stop access to both traditional and digital assets, ranging from fiat and cryptocurrencies, stable coins, security tokens to asset-backed tokens. SEBA is also the first bank to issue digital gold tokens to be used as stable coins in the digital economy. This funding round will further accelerate the considerable growth that SEBA Bank has achieved over the past year, further strengthening its presence in APAC along with other priority markets in the Middle East.

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Cheney Cheng, Managing Partner of Altive, said, “Given the global regulatory trend of digital assets, we envision that regulated crypto financial institutions like Swiss licensed SEBA Bank would become the cornerstone of the future finance. We are honored to have joined the company’s mission to make digital assets more accessible to the general public.”

He continued, “The market value of digital assets has hit new highs, and decentralized finance is considered a breakthrough in the world of financial services. Institutional investors such as Blackstone and Morgan Stanley and other giants have begun to participate in digital asset investment, and 36% of institutional investors from the United States and Europe own digital assets. We believe that the development of decentralized finance is still in a very early stage, and with the development of Web 3.0, its related industries have huge growth potential. As the leading professional alternative investment platform in Asia, technology and blockchain industries have always been one of Altive’s strategic investment priorities. Our investment team will continue to explore high-quality investment opportunities that create long-term wealth for our clients.”

About Altive

Altive is an alternative investment platform, which leverages technology to help alternative asset managers coordinate and distribute to private banks, family offices and wealth management firms. Altive sources, screens, manages and unlock institutional quality alternative investment opportunities for private wealth.

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