FINMA-licenced Swiss Bank SEBA is partnering with Digital Asset Shared Ledger (DASL) – the liquidity community for digital belongings. The 2 plan to supply a seamless, safe and easy-to-use bridge between digital and conventional belongings which is able to permit SEBA Bank to supply institutional purchasers the skill to concern and spend money on Digital Securities representing monetary devices on the public Corda Network.
Matthew Alexander, Head Tokenization at SEBA Bank, defined:
“Widespread adoption of Digital Property and securities by establishments requires trusted venues for distribution and for secondary buying and selling and liquidity. DASL supplies SEBA with a right away and safe platform for our Digital Securities product vary. We sit up for combining our strengths with these of DASL to additional improve our shopper options and providers.”
“We’re delighted to accomplice with SEBA Bank and produce them onto the public Corda Network with DASL. DASL supplies an accelerator to the digital capital markets for SEBA’s institutional purchasers,” added Richard Criminal, Founder DASL.
DASL’s compliant digital securities providing consists of issuance, switch, portfolio administration, asset servicing and clearing and settlement enabled by leading edge Distributed Ledger Know-how. Optimized asset servicing results in a decrease whole price of possession all through the asset lifecycle. DASL facilitates the globally-secure atomic worth switch of digital belongings throughout the public Corda Network—a peer-to-peer community of DLT nodes, enabling interoperability throughout a number of programs, apps, and processes.
SEBA Bank will supply major asset tokenization and distribution utilizing DASL, as a complement to SEBA’s Custody, Asset Administration and Buying and selling product. SEBA will create a pockets for onboarded custody clients, concern digital securities and distribute them to wealth administration and different investor networks. In partnering with DASL, SEBA attracts on the workforce’s expertise constructing mission-critical infrastructure for monetary establishments.
This partnership paves the approach for additional thrilling product technology and liquidity creation over time, the place DASL will help SEBA Bank’s technique to be a accomplice to establishments.
DASL offers in digitised monetary devices (debt, fairness, non-bankable belongings) and points compliant native digital securities on the public Corda Network. Additionally they present strong, compliant, cost-effective infrastructure for the digital Capital Markets: For issuers, traders, monetary establishments, brokers and directors.
Based in April 2018 and headquartered in Zug, SEBA is a pioneer in the monetary trade, constructing a progressive technological bridge between the digital and conventional asset worlds. In August 2019, SEBA obtained a Swiss banking and securities supplier licence – the first time a reputed, regulatory authority reminiscent of FINMA has granted a licence to a monetary providers supplier with the important focus on digital belongings and crypto. The vast and vertically built-in spectrum of providers, in addition to the high-security requirements, make SEBA’s enterprise strategy distinctive. SEBA allows purchasers to speculate, safely maintain, commerce and borrow in opposition to conventional and digital belongings, in addition to concern tokens in the future, in a single place.
Additionally revealed on Medium.