Switzerland’s SEBA Bank Snags First FINMA License for Liquid Crypto Funds — CoinDesk

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Announced Wednesday, the license granted to SEBA by the Swiss Financial Market Supervisory Authority (FINMA) permits the agency to behave as a custodian financial institution, and constitutes a brand new enabler of liquid funding funds with crypto, mentioned SEBA Bank CEO Guido Buehler. Typically, crypto funds use various constructions that include a lock-in and prices for shoppers to get in or out.