Swiss Crypto Bank SEBA to Offer Token Securitization on Corda Network

The bank has partnered with Corda-based DASL to build the new service available on Corda’s public network

AccessTimeIconJul 15, 2020 at 8:56 p.m. UTC
Updated Sep 14, 2021 at 9:31 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Switzerland’s licensed crypto-first bank SEBA and Corda-based Digital Asset Shared Ledger (DASL) announced a new partnership on Wednesday allowing the bank to offer asset securitization services on Corda’s public network.

  • In an emailed press release, SEBA said it is the first digital bank to offer clients the ability to issue and invest in blockchain tokens that represent real tradable assets like treasury bonds or foreign exchange contracts on the open-source blockchain platform Corda. 
  • SEBA said in its statement it will create a custodial wallet for customers, issue digital securities and distribute them to investor networks.
  • Luzius Meisser, founder of Switzerland’s Bitcoin Association, told CoinDesk via email that it was good to see SEBA moving forward with tokenization as it is an application to which distributed ledger technology can add value. 
  • Earlier this year, SEBA partnered with TokenSoft’s European distributor to offer asset tokenization services in what it said was an effort to bridge the gap between traditional and digital financial systems.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.